Delhi Property Rates Discourage Buyers

The capital city carries stupendous infrastructure and the mod cons expected of a metropolitan city. But with the scope of any future development in Delhi real estate rendered almost nil, buyers, specially those who see real estate in Delhi as a long-term investment, are very few. In fact, the present real estate Delhi market is not at all favorable to the investors and the scope is left only for the end-users. The realty expert analysis says that there has been a decline of in property launches. DDA, on the other hand has given nod to the development of 10 lakh new houses in Delhi real estate by 2021, in order to cater to the sharp increase in population. These contrasting situations indicate that the market trends are more in favor of immediate users rather than the investors. 

While the factors like connectivity and price appreciation seem to be working in favor of real estate in Delhi, the sale of properties is facing a slack, specially in southern region of the Capital. The demand for real estate Delhi, including in areas like Defence Colony and New Friends Colony, is crumbling. There are simply no takers for flats in Vasant Kunj and apartments in Dwarka. An average buyer is unable to afford even a small plot, with the prices ranging in crores. To allure customers in these areas, developers in real estate in Delhi are making discount offers and trying to bring in more amenities too. But, that too is not bringing in the desired results as selling flats in Vasant Kunj and apartments in Dwarka is still very difficult. 

With no takers, the prices are not going to see correction anytime in near future. If the rates get depreciated, then there shall be any chance for end-users buy Delhi real estate.