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Are Real Estate Prices in Delhi Likely to Fall?

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Are Real Estate Prices in Delhi Likely to Fall?

Last updated: April 29 2012
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  • Are Real Estate Prices in Delhi Likely to Fall?

    There has been a lot of talk in this forum and others about a price correction. How do the real estate investment gurus see the Delhi market. Are prices likely to fall, stagnate or go on the upward spiral? Please give your opinions.
  • #2

    #2

    Re : Are Real Estate Prices in Delhi Likely to Fall?

    Deadly silence on this very active forum. Does this mean that the members here are not interested in Delhi?
    I was keen to know if you think it is worthwhile buying property in Delhi at current rates or should one wait for the much promised correction? Has anyone encountered a fall in price being quoted? Or struck a good bargain?

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    • #3

      #3

      Re : Are Real Estate Prices in Delhi Likely to Fall?

      I don't think that Delhi prices are going to come down. Availability is very limited and with inflation creeping up don't expect RE prices to come down. It could be different for one or two places like Lok NayakPuram, Nafagarh, Narela etc, but any good idea won't see a price dip.

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      • #4

        #4

        Re : Are Real Estate Prices in Delhi Likely to Fall?

        Delhi price never falls.

        Ek bar kisi ne flat ka keemat 2 carod bol diya, to sara mohalla vaise hi flat ke liye 2 karod se kam ek paisa bhi nahi lega.

        Chahe flat 10 saal naa bik paye
        Venky (Please read watch a or before posting)

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        • #5

          #5

          Re : Are Real Estate Prices in Delhi Likely to Fall?

          hehehehe, very true Venky bhai.

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          • #6

            #6

            Re : Are Real Estate Prices in Delhi Likely to Fall?

            दिल्ली में जमीन की कीमतों में इजाफा

            रियल एस्टेट पोर्टल चलाने वाली एक कंपनी ने कहा है कि जनवरी-मार्च 2011 की तिमाही में राजधानी क्षेत्र में जमीन की कीमतों में पिछले साल के 28.02 फीसदी तक बढ़ोतरी हुई है। कंपनी के कारोबार प्रमुख विनीत सिंह ने एक बयान में कहा, दिल्ली में जमीन की कीमतों में लगातार तेजी जारी है। हालांकि, बाजार स्थिर होने की तरफ अग्रसर है कीमत कम करने के बारे में काफी बातचीत चल रही है।'

            कंपनी की स्टडी के मुताबिक, राजधानी के द्वारका सेक्टर-11 में इस समय 7,100 रुपये प्रति वर्ग फुट की कीमत चल रही है, जो इससे पिछले साल 5,546 रुपये प्रति वर्ग फुट पर थीं। इसके अलावा द्वारका सेक्टर-2, सरिता विहार और रोहिणी में जमीन की कीमतें पिछले साल की तुलना में 25 फीसदी तक बढ़ी हैं। सर्वे में कहा गया है कि दिल्ली मेट्रो से जुड़ जाने के कारण इन क्षेत्रों की कीमतों में बढ़ोतरी हुई है।

            सबसे कम कीमत की बढ़ोतरी उत्तम नगर में दर्ज की गई। यहां जमीन की कीमत पिछले साल की तुलना में 8.01 फीसद बढ़कर 2,846 रुपये प्रति वर्ग फुट पर पहुंची है, जो इससे पिछले साल 2,635 रुपये प्रति वर्ग फुट थीं। भविष्य के बारे में बातचीत करते हुए सिंह ने कहा कि औसतन दिल्ली में जमीन की कीमतों में 15 फीसदी की बढ़ोतरी हुई, जो बाजार की धारणा से 5 फीसदी कम है। मौजूदा ट्रेंड ही जारी रहा तो दिल्ली में कीमतों की स्थिरता आगे बढ़ेगी लेकिन अभी दिल्ली के प्रॉपर्टी मार्केट में कीमतें कम होती नहीं दिख रहीं। ज्यादा से ज्यादा ये अपने बेस्ट प्राइज पर स्थिर हो जाएंगी।

            -Navbharat times

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            • #7

              #7

              Re : Are Real Estate Prices in Delhi Likely to Fall?

              Real estate prices soar in Delhi, NCR


              NEW DELHI: Real estate prices in some localities of the national
              capital skyrocketed by 20 to 27 percent in the first quarter of the
              current fiscal as compared to the corresponding period of 2010-11, an
              industry report said Wednesday.

              "Property prices for Delhi have seen escalation if we compare per
              square feet prices of quarter (Q)1-11 over Q1-10. Key localities -
              Sarita Vihar and Rohini - have seen 27 percent and 20 percent
              appreciation in prices compared to prices over Q1-10," said a report
              by online real estate trade portal ************.

              According to the report, the upward price sentiment would continue as
              the prices on average are growing by 15 percent.

              "If the present trend continues we'll see price stability in Delhi
              going forward. But, as of now I do not see any price reduction
              happening in the Delhi market," said Vineet Singh, business head of
              99acres.

              The report said that South Delhi locality Sarita Vihar's PSF prices
              increased by 27.60 percent at Rs.8,110 as compared to Rs.6,356 in the
              like period of 2010-11, while north Delhi-based Rohini's PSF prices
              appreciated by 25 percent.

              This is followed by Patparganj at a PSF price rise of 21.68 percent.
              Other localities like southwest Delhi-based Dwarka sub city's PSF
              price also grew by 28 percent in sector-11 and sector-2.

              Realty prices in suburban national capital region like Noida and
              Gurgaon also increased due to operationalisation of metro rail
              services.

              Prices per square feet in sector 110 and sector 93 of Noida also moved
              up by 16 percent and 11 percent as compared to prices in the
              corresponding period of last fiscal, said the report.

              "Gurgaon witnessed an upward trend in property prices. Properties
              located on the Sohna Road and DLF City phase IV have seen the highest
              appreciation in prices by 46 percent and 42 percent, respectively, in
              Q1-11 over Q1-10," the report said.

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              • #8

                #8

                Re : Are Real Estate Prices in Delhi Likely to Fall?

                Originally posted by Venkytalks View Post
                Delhi price never falls.

                Ek bar kisi ne flat ka keemat 2 carod bol diya, to sara mohalla vaise hi flat ke liye 2 karod se kam ek paisa bhi nahi lega.

                Chahe flat 10 saal naa bik paye

                To kya da saal tak band pada rahega?
                Delhi must be the only city in the world where the prices have gone in only one direction -UP.

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                • #9

                  #9

                  Re : Are Real Estate Prices in Delhi Likely to Fall?

                  Dont expect any correction. Even if the price drops 10% it will again jump 20%. If you have money buy now.

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                  • #10

                    #10

                    Re : Are Real Estate Prices in Delhi Likely to Fall?

                    Originally posted by Shiro View Post
                    To kya da saal tak band pada rahega?
                    Delhi must be the only city in the world where the prices have gone in only one direction -UP.
                    Yes, people like to keep properties locked for a long time. Some may give it on rent and they get paid to wait.

                    On the other hand basic rule of physics is that what goes up must come down.

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