Vineet Singh, business Head of 99acres.com, said,'' Capital values in Delhi continue to move upwards even though the market seems to be in a phase of stagnation. At best rates will stabilise If the present trend continues we'll see price stability in Delhi going forward. But, as of now I do not see any price reduction happening in the Delhi market"
Real estate prices in some areas of the NCR (national capital Region) up between 20 - 27% in the first quarter of the current 2011-12 fiscal as compared to the corresponding period of 2010-11.
According to 99acres.com report, the upward price sentiment would continue as the prices on average are growing by 15 percent.
This increase in prices indicates that the sentiment in the sector has improved drastically since the slowdown. Main reason for price increase was Metro Rail.
No comments:
Post a Comment