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- This is an eye opener for those who wants to invest with loan, most of the time a losing situation.
Thanks for the analysis.CommentQuote0Flag
- magicbricks.com data & graphs based upon their own submitted property ads. there really do not connected with exact market situations. As per you and this magicbricks.com if someone purchase any RTM property in IP 4 years before in any rate then right now he can purchase same RTM property in IP at just 23% increased rate. As I live in same near areas hence know it very well that forget 23% if anyone have purchased any Society flat in IP then ask him he will let you know that in 4 years rates of their society flats is appreciated to near about 50%-70% and still increasing. Rent also has been increased with same ratio, 4 years back in IP rent in any good society of 2BHK was maximum 8K but at this time it is minimum 13K. Builders flats in IP is little bit cheap but 4 years before they was much much cheaper and as for appreciation in % they also appreciated a lot in IP during last 4 years.
For end users and for living purpose its better to purchase any flat in NCR with in the budget ASAP, still in NCR I see no sign of reduce the rates specially in any affordable categories. Only in last 8 months rates of all affordable options in NCR has been increased from minimum 1700 PSF to minimum 2100 PSF. Check rate of any RTM flats in CR , RNE , NP , Maneser and analyze the situation, at least 15-20% appreciation for sure in less than 1 year. AAsa na ho ki saare affordable budget upcoming locations out of budget ho jaye, aur NCR mai apna FLAT lena phir sapna he rahe jaye.CommentQuote0Flag