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How to buy property in delhi :- india’s largest residential market, the national capital region , is in a state of correction as builders are staring at piling up of unsold homes and dipping sales. For long, investors have formed a major chunk of the housing market, but today the stagnation in prices and slowdown in real estate investment conversions have filtered out the speculators leaving builders at the hands of end users who refuse to buy until prices become affordable.
Currently, sellers are refusing to lower their prices, and buyers are refusing to meet the asking prices for property. As a result, transactions are not happening. To break this deadlock, one of the following has to happen. Either the government has to take some steps to boost buyer confidence, or sellers have to give in and reduce the prices of the property.
Since neither of the two have occurred, Delhi’s residential real estate market is staring at a free fall with new launches dropping by a whopping 68 percent in the first half of 2015 and sales down 50 percent in the same period. The NCR market saw only 11,360 housing units launched in the first half of 2015 compared to 35,500 units launched in the same period last year, according to data provided by real estate consultancy firm Knight Frank.
property in delhi new updates :- Buying a house may soon become costlier in the national capital as the AAP government is contemplating to increase circle rate for flats of group housing societies and DDA by around 100 percent
Delhi Development Authority is expected to come out with its next housing scheme in December, 2016 which would include at least 24,660 LIG flats.
Mayur Vihar Phase-3, New Delhi