All the major five real estate markets in the Delhi NCR region of national capital experienced. A visible uptrend in the realty prices to the tune of 1.6-3.4%. Especially in the residential housing segment. This Realty Price Uptrends in Delhi NCR Market in the residential housing market is the highest year-on-year rise, since 2017. This is a research by the senior consultants of Urban Style Luxury Lifestyle team. The report with substantial supportive document is available on special request.
Despite the disastrous impact of the global pandemic of Covid-19. On the first two quarters of the financial year 2020-21. Indian economy displayed tremendous resilience and was quick to rebound with some stunning numbers for the remaining 2020-21. Exports grew by almost 60% year-on-year compared to 2019-20. And this positive business environment had a fair share on all the aspects of real estate. Indian online business experienced equal growth in the economy. And it had a positive impact on demand for warehouses in all major metro cities. Delhi NCR and in particular in the surroundings of Gurgaon & Manesar. A steep increase in production in the vicinity of Gurgaon & Manesar had a spiral effect on almost every aspect of real estate. Production witnessed almost 35% growth and GST collection grew by approximately by 58% in the last quarter of 2020-21.
Slowdowns & Boomtimes in Indian Real Estate, Realty Price Uptrends in Delhi NCR Market
No wonder all the real estate development companies witnessed a spike in the sales of ready-to-move inventory in the Delhi NCR market. Both residential and commercial real estate experienced an increase in sales. All real estate development companies actively promote affordable housing due to extended support from the central government and the Haryana state government. All-in-all the last two quarters of the previous financial year was welcomed by the organised real estate players. The price rise of 1.6% to 3.5% in real estate in Delhi NCR market may not be great numbers but the encouragement is more so due to corona impacted economy which was almost written-off.
To read further on this Realty Price Uptrends in Delhi NCR Market, you can visit the following link:
https://economictimes.indiatimes.com/wealth/real-estate/five-ncr-markets-witness-uptrend-in-prices-of-residential-properties/articleshow/82000322.cms
