Price correction in realty sector in NCR.

Q: What is the impact of unsold property in NCR?

Rahul Kumar, Delhi

8th September 2015

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Replies (2)

Hi Rahul Kumar,
As of now, NCR real estate market is not showing much impressive or aggressive improvement. Somehow long term investment is a only option here but good time to buy though. Builders are forced to cut down apartment prices as the unsold stock is piling over. Without selling the previous stock, how come they launch new project? Is not it running the reputation of builders?

Sufia, Delhi

8th September 2015

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@ Rahul Kumar,
As per sources, the NCR property market is presently offering less homes as far as volume than even a littler market like Bengaluru. Unless this unsold inventory gets ingested, it will be troublesome for buyers certainty to return to this market. This has extended the balance records of builders over the NCR, hampering their capacity to diminish obligation or launch brand new projects.

Raj Roy, Delhi

8th September 2015

Builders will go under further pressure as a result of this unsold stock. Investors who had bought properties before are getting to be eager as they don't see much improvement in price appreciation. They need to exit. At the point when this supply comes into the real estate market at a discount, it will make further pressure on builders, particularly for small and medium-sized developers.

Richa, Delhi

8th September 2015

Hi Rahul,
As per the latest news, a drop in home deals has pushed developers inventory to untenable levels in the NCR of Delhi, making conditions at a genuine price correction that builders have so far evaded . There are approx 175,000 unsold apartment units in NCR and some are under construction. While deals have been on a slide in the majority of the big cities, the issue in the NCR is strange. High costs and huge sizes has pushed the majority of the apartment units past the range of average home purchasers.

Raj Roy, Delhi

8th September 2015

Comment

@ Rahul,
What has further exacerbated the issue is the way that large portions of these apartments are situated in far away areas that don't have much to brag in terms of infrastructure. As indicated by different sources, unless unit prices descend, sales are prone to stay low in the NCR.

Jeet Bhaskar, Delhi

8th September 2015