It’s been almost two years while the property market of Delhi hasn’t seen any remarkable improvement. As a capital city it was expected that people would show some positive outlay in the real estate segment in this festive season this year. But monitoring the market growth of past couple of years there was no surety in this entire surmise. But to everyone’s true surprise the capital this year has started showing positive lights and inflow before the festive of lights. CREDAI claimed that the upsurge is currently on a revival mode.
In Gurgaon around 2015 there was 10-15% upswing in the property market. 1St October onwards expectedly there will be further upturn. Specifically Noida and Greater Noida have topped the list with 20-25% greater sales figures than projected followed by the city Gaziabad. The recent development has made the builders to offer lucrative discounts against the on-hand assets to push-up the sale volume in a bigger way. For the first time homebuyers developers are even are coming up with great renditions like- heavy discounts on service tax and stamp duties, car parking fee, electric meter charges and several other such propositions. On an average it’s can be said homebuyers will have 8-24 lacs benefit range in terms of earning profit.
It is also seen that a large number of projects are on a finishing stage to be a part of this selling competition. All these projects are targeted to the improvement of mid-ranged market. Experts have said that the bulk sale is likely to come from the apartment priced under 50 lacs. Comparing with Gurgaon Noida and Greater Noida will have some assured gain in property business as Gurgaon is still stuck in between the infrastructure and the settlement issues. It is expected that real estate market in Kolkata might rake in money with the selling of Affordable flats in Kolkata.
Nevertheless where one portion of the market is about to recover another segment of buyers who have already done their investment already are still waiting for the final delivery. Renowned builders like Jaypee and Unitech have kept buyers on hold since close to 8 years, other companies builders are also running late by 3-7 years. Therefore it’s always wise to invest in the ready to move apartments.
_ By LNN (Liyans News Network)