Ongoing Market Trends for Delhi Properties

Delhi NCR lost a great deal of its realty traction in 2013; woeful economical conditions, considerably high inflationary rates, and devalued rupee kept panic-stricken buyers well-distanced from making transactions. In fact, 2013 was the worst in last 5 years when it came to real estate performance. Both residential and commercial sectors witnessed this ebb-phase. But, 2014 is expected to be like a breather to the current state of affairs. Commercial sector has already showing signs of recovery and residential market too seems to follow the path.

A large number of Delhi flats inventories are lying unused, thanks to lack of price correction.  Still-developing cities like Neemrana, Faridabad, National Highway 24, and Sohna have emerged as cost-effective options. On account of improving connectivity with Delhi NCR, these alternative markets are now attracting good number of buyers. For long-term investors, the areas can be the best bets as the prices are more prone to appreciation in the time to come.

On other hand, leased properties in Delhi are sharing a major proportion of sales. With Gurgaon and Noida having emerged as IT/ITeS majors, the city is witnessing more influx of immigrants and this, in return, has accelerated market for leased out inventories. Demand-supply ratio is a dismal value in almost all Delhi NCR cities except Noida.

The recently launched Land Pool Policy by DDA has resulted in price correction for South Delhi property, a region know for extortionate realty rates. The policy is all poised to bring abut construction of relatively affordable luxury properties over pooled lands, and this has resulted in fall of rates over South Delhi premier locales. 

A Few Tidbits about Property in Ahmedabad

Ahmedabad Property at Makaan.com

Gujarat's largest city, Ahmedabad, has been the witness to immense real estate activities. Backed by a strong economy, considerable industrial development, and the mighty presence of textile & chemical industry, the city has treaded well in terms of realty development. According to the rating by CRISIL(Credit Rating Information services of India Limited), the city has a number of 5 and 6 tattered projects across its various localities. Ahmedabad properties projects such as Suramya Abode by Synthesis reality and Sangath Terraces by Sangath Infrastructure Pvt. Ltd. are among the 6-rating projects.

Construction of property at Ahmedabad, at present, is not limited to luxury bungalows only, which was the case several decades ago. The realty construction of flats, independent houses, multistory apartments, and villas are in full vogue. The realty boom that this commercial capital witnessed over years has resulted in appreciable increase of prices. Still, the city ranks second in terms of affordability of buying a house. In terms of rental properties too, the city ranks 5th among tier-1 Cities of India. City's average per square feet rate is far lower than that in cities like Delhi, Mumbai, or Bangalore.

Localities like Satellite, Ranip, Bodakdev, SG Road, and Sardar Patel Road are the prime residential areas and have seen a spurt in constructions of residential property at Ahmedabad. Most of these areas have well-developed IT infrastructure and good connectivity to other parts of the city. Currently, a number of realty constructions are taking place over Thaltej and S.G. Road.  

The seekers of 1 BHK, 2 BHK flats in Ahmedabad, one can make a search over online realty portals.

Greater Noida New Projects

Greater Noida Property at Makaan.com

Greater Noida, a city that speaks great volumes about realty development, has discerned a boatload of residential projects since the time it came into being. City's viable market, its excellent physical infrastructure, and great returns are the primary reasons behind the steady real estate growth. Residential projects by eminent developers have been rolled out in past, and currently, a multitude of them have been launched across city's different sectors. Lets have a look at some of these mega projects that have been brought into action by reputed builders.

Mirage Houses by Imperia Structures Ltd. Is a 2 BHK and 3 BHK flats in Greater Noida. Launched over Yamuna Expressway, the project offers 1050-1450 sq. ft. homes that speak of luxury on one hand, and nice views on the other. The price of the properties lies in a  convenient 30-44 lakh price bracket, and are a good investment option.

Suncourt Tower III by Jaypee Greens is a 3 BHK and 4 BHK property project. With properties worth 3 crore and above, the project is a perfect example of unique architecture and unparalleled design. Supertech's Aapka Ghar offers 2 and 3 BHK Greater Noida property with price 30 lakh onwards. A part of Eco Village 2, the project has residential homes with area lying in range 840-1410 sq. ft.

Megapolis by Ansal Hitech has come up over Pari Chowk and has 2, 3 BHKs worth 20 lakh and above. The project is strategically located in the vicinity of several connectors and bypasses. Greater Noida's upcoming international airport is expected to bring excellent connectivity to the homes. Then there is Amaatra Homes , a venture of Amaatra Group is a residential project that has come up at Greater Noida West.