Compare Listings

Property Prices Delhi and NCR Set to Rise? Here is what Builders are Saying

Property Prices Delhi and NCR Set to Rise? Here is what Builders are Saying

The survey was conducted among 200 developers and property consultants in Delhi, Gurugram, Faridabad and Ghaziabad, it said. The OLX Delhi-NCR Realty Survey attributed the optimism regarding prices to expectations among builders that regulatory developments will improve transparency in the system, eventually boosting the confidence of buyers and sellers at large.

A total of 75 per cent of real estate developers expect property prices to rise in Delhi and the National Capital Region (NCR) in the financial year 2018-19, a survey by online trading platform OLX showed on Monday. “75 per cent of the builders expect the property prices to increase in 2018-19, indicating revival of Delhi-NCR`s real estate market,” a statement from OLX said here quoting the survey. The survey was conducted among 200 developers and property consultants in Delhi, Gurugram, Faridabad and Ghaziabad, it said. The OLX Delhi-NCR Realty Survey attributed the optimism regarding prices to expectations among builders that regulatory developments will improve transparency in the system, eventually boosting the confidence of buyers and sellers at large.

Commenting on the survey, Chief Operating Officer of OLX India Irwin Preet Singh Anand said: “The year 2018 could possibly be the year of come back for the real estate as we see significantly higher participation of property buyers. “Given the positive sentiment in the market, more and more individual and business sellers are flocking on our platform to benefit from the growing demand,” he said.

The report also said that around 55 per cent of the developers in Delhi-NCR were planning to go ahead with affordable housing projects (priced less than Rs 40 lakh) as part of their portfolio.

“Of the inquiries received by property consultants through online real estate portals, one third were for affordable housing projects,” indicating rising demand in the segment, the statement said.

Source: ZEE Business

 

img

Axiom Landbase

Related posts

M3M buys 25-Acre Land on Gurugram Golf Course Extension Road for Housing Project

Realty firm M3M India Ltd has acquired 25 acres of land in Gurugram, Haryana for around ₹250...

Continue reading
by Axiom Landbase

M3M delivers 8 real estate projects in a span of 3 months with a total of 30 lakh sqft area

With the latest announcement of delivery of its five marquee projects - M3M Sierra, M3M Natura, M3M...

Continue reading
by Axiom Landbase

HARERA: Can’t auction project before adjusting allottees’ dues

Pronouncing a landmark judgment, Haryana Real Estate Regulatory Authority (HARERA), Gurugram, has...

Continue reading
by Axiom Landbase

msg us     seprator     Call    seprator    whatsapp

Bitnami