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Thursday, August 18, 2011
Properties on Rent
We are offering a number of properties on sale / purchase and renting in Vasant Kunj and around .
Sunday, August 30, 2009
Dear friends & collegues.
I am starting this blog to share the views of those who are interested in buying the real estate in Delhi and are watching the price trend very closely.this includes the people who are willing to sell their properties in and around Delhi and NCR.
I am not a regular blogger but will do my best to make it very informative for all and at the same time would also love to have the views of all others who care to air and share their views on this particular subject.
There have been lots of ups and downs and status quoes in property prices both in residential as well as commercial .its a known story of many well established builders feeling the pinch and slowing their activities to almost dead stop. there were no takers of the available spaces and one reason being non availability of finance. Even now the actual story is very different so far as the availabilty is concerned.while general impression created by the Govt and a section of media is that the finances are available, in realty certain banks have increased the customer contribution from 10% earlier to 30% now.Even then there is lots of ifs and buts to clear a Loan proposal.Those who have experienced this personally will more agree with the view.Ofcourse certain exceptions are there to counter the view but in general the story is of no easy finances.
In Gurgaon certain pockets and areas faced a down tern of 15 to 20% in prices while some other localities in Delhi and especially South Delhi faced the down turn of similar nature but some exceptions being a Locality like VASANT KUNJ which showed no sign of any downword movement in prices of its mainly DDA flats. why so ? what were the reasons behind and why a posh locality like Greater Kailash went down by almost 15%?
The following table will show you what happened all over India
IF you have been unsure about the current state of property market, here are some definite pointers that suggest the rates are going down south.
According to the latest reports released by Knight Frank India Pvt Ltd (March 2009), property rates across metro cities have dropped. The fall in rates are especially tangible in overheated pockets, which hitherto had witnessed phenomenal rise, such as in Noida and Gurgaon in the National Capital Region; Goregaon, Borivili, Vashi and Mulund in Mumbai and Koramangala in Bangalore.
Accompanying tables show the average residential capital values and the difference in price over the last one year.
| Location | March '08 | March '09 | difference in % |
| Chanakyapuri | 42500 | 43240 | 1.74 |
| Jor Bagh | 40500 | 43200 | 6.67 |
| Golf Links | 40500 | 41560 | 2.62 |
| Greater Kailash I&II | 16000 | 13000 | -18.75 |
| Ghaziabad | 2850 | 2863 | 0.46 |
| Pockets in Gurgaon (A Grade) | 6000 | 4731 | -21.15 |
| Defence Colony | 15000 | 15625 | 4.17 |
| Noida | 5500 | 4925 | -10.45 |
| Greater Noida | 2900 | 2150 | -25.86 |
| Rohini/Pitampura | 4000 | 4500 | 12.5 |
| East Delhi (Mayur Vihar, Preet Vihar, IP exte) | 5125 | 5688 | 10.99 |
| Faridabad | 4050 | 4000 | -1.23 |
| Anand Niketan | 19150 | 19500 | 1.83 |
| Friends Colony (W) | 14250 | 15250 | 7.02 |
| Green Park | 13925 | 14500 | 4.13 |
| New Friends Colony | 16450 | 13000 | -20.97 |
| Janakpuri | 5225 | 5575 | 6.70 |
| Dwarka | 5300 | 5000 | -5.66 |
| Vasant Kunj | 7250 | 7813 | 7.77 |
Property rates in Mumbai (Rs)
| Location | March '08 | March '09 | difference in % |
| South Mumbai (Grade A) | 50000 | 50000 | 0 |
| South Mumbai (Grade B) | 26500 | 26000 | -1.89 |
| Worli (Grade A) | 30000 | 29000 | -3.33 |
| Worli (Grade B) | 22500 | 22500 | 0 |
| Bandra (W) | 22500 | 19000 | -15.56 |
| Andheri (W) | 10000 | 9000 | -10 |
| Goregaon to Borivili | 8250 | 4500 | -45.45 |
| Ghatkopar (E) | 7500 | 5500 | -26.67 |
| Thane | 5350 | 5000 | -6.54 |
| Vashi | 6000 | 4750 | -20.83 |
| Mulund | 6400 | 5000 | -21.875 |
| Powai | 10500 | 9500 | -9.52 |
| Bhandup | 5750 | 5000 | -13.04 |
| Sion/Chembur | 10500 | 7500 | -28.57 |
| Central Mumbai (Parel, Sewri, Byculla, etc) | 14000 | 8750 | -37.5 |
Property rates in Pune (Rs)
| Location | March '08 | March'09 | difference in % |
| Koregaon Park | 9000 | 8500 | -5.56 |
| Boat Club Road | 10500 | 11500 | 9.52 |
| Deccan | 7250 | 7250 | 0 |
| Sopan Baug/Uday Baug | 4000 | 3500 | -12.5 |
| Kalyaninagar | 6500 | 6750 | 3.85 |
| Aundh | 4750 | 5200 | 9.47 |
| Hadaspar | 4750 | 4500 | -5.26 |
| Kothrud | 5400 | 4500 | -16.67 |
| Vimanagar | 4000 | 3750 | -6.25 |
| Wanorie | 3250 | 3600 | 10.77 |
| Kondhwa-Undri | 3500 | 3150 | -10 |
| Karwe Road | 4250 | 5000 | 17.65 |
Property rates in Bangalore (Rs)
| Location | March '08 | March '09 | difference in % |
| M.G Road | 12500 | 9500 | -24 |
| Koramangala | 6500 | 4950 | -23.85 |
| Indira Nagar | 8250 | 5150 | -37.58 |
| Sadashiv Nagar | 6750 | 5000 | -25.93 |
| Malleshwaram | 5600 | 5450 | -2.68 |
| J.P Nagar | 4000 | 3750 | -6.25 |
| Basavangudi | 4800 | 5350 | -6.96 |
| Rajaji Nagar | 5500 | 5000 | -9.09 |
| Banswadi | 4800 | 3750 | -21.88 |
Property rates in Hyderabad (Rs)
| Location | March '08 | March '09 | difference in % |
| Banjara Hills | 6250 | 5500 | -12 |
| Jubilee Hills | 6000 | 6500 | 8.33 |
| Srinagar Colony | 5000 | 4500 | -10 |
| Begumpet | 4500 | 4000 | -11.11 |
| Secunderabad | 3500 | 3250 | -7.14 |
| Madhapur | 5000 | 4250 | -15 |
| Gachibowli | 4500 | 3500 | -22.22 |
Property rates in Chennai (Rs)
| Location | March '08 | March '09 | difference in % |
| Egmore/Kilpauk | 5500 | 5250 | -4.55 |
| Boat Club | 16000 | 16000 | 0 |
| Poes Garden | 14500 | 13750 | -5.17 |
| T Nagar | 7150 | 7000 | -2.10 |
| RA Puram | 8750 | 8500 | -2.86 |
| Ashok Nagar | 5500 | 5500 | 0 |
| Guindy | 4500 | 3750 | -16.67 |
| Vadapalani | 4400 | 3750 | -14.77 |
Property rates in Kolkatta (Rs)
| Location | March '08 | March '09 | difference in % |
| Ballgunge | 8500 | 10000 | 17.65 |
| Alipore | 8500 | 8750 | 2.94 |
| South of Park St | 5725 | 5750 | 0.44 |
| Behala | 2800 | 2600 | -7.14 |
| New Town Rajarhat | 3750 | 2850 | -24 |
| Salt Lake | 4000 | 3725 | -6.875 |
Please share your views and comments
thanks
ajay
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