The good days of Real Estate in Delhi NCR are not currently returning. Although the property market is recovering after the ban on bank postings, recent legal changes have put a double pressure on demand and prices. According to the estimate of the next three months of Property Portal MagicBricks, there is no scope for prices to increase in 70 to 90% of the areas of Delhi, Gurgaon, Noida, Greater Noida and Ghaziabad. In the top ten areas of Delhi, prices are going down everywhere except Rohini. Similarly, in NCR, prices will fall or remain stable in most areas.
Delhi: In the fourth quarter of the pre-index report, it has been said that while approval of Metro Phase-4 on the one hand and completion of Phase-3 in Delhi has improved the level of infrastructure at the same time, while the Benami Property Transaction Act and RERA Notification After the purchase of property has decreased. From January to March, prices have decreased in 78% of the areas, while in 22%, the prices have increased marginally. Prices are upwards in areas such as Dwarka, Kalkaji, Vikaspuri, Defense Colony, Chhattarpur. But the next three months’ outlot report is not very encouraging. In one of the top-10 areas, only one Rohini can increase prices by 1 to 2%, while the prices in five areas are estimated to decrease between 1% and 2% and remain stable in 4 areas.
Gurgaon: The approval of the new building code on behalf of the Haryana Government and the formation of the Gurgaon Development Authority has increased the expectation of transparency in the project clearance. But downtrend continues on the front of the price. In the fourth quarter, prices have decreased in 70% of the areas. The next three months is estimated that prices can increase from one to two presets in DLF Golf Course Road, Sector 48, Sector 47. Prices in Sohna Road, Sector 83, Sector 86, and DLF Phages can fall to this level. Prices are estimated to be stable in sector 82 and sector 56.
Noida: In the last quarter, prices have fallen in 60% of the areas, while there is slight increase in 37%. Prices are at the previous levels in three percent areas. In the next three months, except for Sector 78, 137 and Sector 50, prices are estimated to drop in top-10 sectors. Prices will remain stable in other areas. According to the report, the change in government in UP and improving the sentiment in many infrastructure projects in Noida. But at the level of the price, there is no immediate increase in speed.
Greater Noida: Noida Metro, Noida-Greater Noida Aqualine, FNG Express has improved infrastructure, while many types of strictures have been strengthened by Bayer Sentiment. In the last quarter, prices have fallen in 50 percent of the areas, while 40 percent has seen slight increase. Prices may increase from one to two percent in Greater Noida West and Jetta One in the next three months, while in Sector 4 and Cosmic Corporate Park Tech Zone prices are expected to decline. Prices in Fairy Chowk, Yamuna Expressway, Shahberi, Omikram-I and III will remain stable now.
Ghaziabad: Infrastructure centimation is improved by widening of NH-24, FNG Expressway, Dilshad Garden from bus stand to bus stand. But in the last quarter, prices have fallen in 70% of the areas, including Vasundhara, Vaishali and Indirapuram. In the next three months, in the power segment and non-violence section property prices can increase from one to two per cent, whereas prices in NH 24, Vasundhara, Vaishali, Rajnagar Extensions will fall to this level. Estimates of price closing in policy segment, Indirapuram and crossing Republic