Delhi/NCR is the hub of the entire North India’s real estate sector. Being the capital of the country, the area has developed manifolds over the last 4 decades. From residential to commercial, from hospitality to medical, from education sector to retail- the city is top-notch in every field. Real Estate Property in Gurgaon, Noida and parts of Delhi have witnessed a complete revival.
However, as the pace of our real estate industry slowed down, this region has to suffer the consequences too. As per the insight reports prepared by the real estate portal 99acres the market is going pretty slow since the beginning of this year. Inventory pile up and the subdued demand scenario have come up as the two main features of Delhi NCR real estate market. In the Apr-Jun quarter, the property prices have increased by a negligible rate of 1%. [Read more…]