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