Land Prices of Delhi to Correct

The recent ruling on land pooling has bought cheers to the faces of buyers of flats in Delhi such as apartments in Dwarka. Since ages the prices of property for sale in Delhi such as property in Dwarka have not corrected but now as the land pooling policy has gained approval the prices of property in Delhi for sale are expected to correct.

Since land pooling will allow more properties to develop this will help in bringing a huge influx of real estate asset to the city. This will cause fall in demand of flats in Delhi such as apartments in Dwarka. Also people with small budgets will be able to buy property in Delhi for sale. However the correction in prices of property for sale in Delhi such as property in Dwarka will not happen immediately as development of infrastructure and properties will take their own sweet time.

Also currently it has to be seen if private developers come forward and accept the proposal of developing land. Farmers also have to be convinced to give up their land in exchange of an alternate plot of land on which they can develop property for sale in Delhi. Still realty experts believe that flats in Delhi will see some correction as the supply of property in Delhi for sale will increase dramatically.  For a very long time buyers have been sitting on the sidelines waiting for the property prices to correct. It seems that their wait might finally be over with the land pooling policy going forward. However it needs to be seen what impact this decision has on the overall property market and how steeply the prices of flats in Delhi correct. For now all we can do is to wait and watch as to how the property market reacts.