Home | About Us | Contact Us | NRI Section | Login

Connect to Gurgaon propertis Facebook Follow Us On Twitter Subscribe Now Follow Us On Google plus



Emaar Mgf



Central Park

Tata Housing
Left Image 1
Gurgaon Home
Left Image 2
Gurgaon Original BookingGurgaon Origional Booking
Gurgaon New Projects
Gurgaon Residential Properties
Gurgaon Commercial Properties
Gurgaon Office Space
Commercial Original Booking
Gurgaon Industrial Properties
Gurgaon Warehouses
Gurgaon Rented Properties
Gurgaon Assured Return
Gurgaon Agricultural Properties
Gurgaon Farm Houses
Gurgaon Builders
Gurgaon Commercial Builders
Gurgaon Property Dealers
Gurgaon Maps
Gurgaon Real Estate
Left Image 3
Gurgaon Apartments / Flats
Gurgaon Society Apartments
Gurgaon Guest Houses
Gurgaon Villas
Gurgaon Real Estate Companies
Plots in Gurgaon
Huda Plots
Gurgaon Commercial Showroom
Gurgaon Udyog Vihar
Gurgaon IMT Manesar
Gurgaon Corporate Leasing
Gurgaon Property Price
Gurgaon Apartments For Rent
Property Documents
Gurgaon Circle Rates 14-15
Left Image 10

Gurgaon News  | Gurgaon Blogs  |  Gurgaon Article

Property Prices Dip in Delhi. Good Time to Buy?
Buying a property is perhaps the biggest investment for salary earners, so buyers must undertake detailed planning before committing themselves to this long-term investment. However, for those looking to buy a house in Delhi or the National Capital Region (comprising Noida, Greater Noida, Gurgaon and Ghaziabad), a good deal might be around the corner.

Property prices in some pockets in Delhi and the NCR have fallen by over 20 per cent year-on-year, according to the National Housing Bank's Residex index, which tracks residential property prices across 26 cities in the country. In fact, Delhi is the only metro, where prices have dropped in the March quarter.

Property prices have fallen because a combination of sluggish economic growth, high inflation and high interest rates have impacted consumer spending. Developers are saddled with high debt and inventory levels forcing them to cut prices in some markets.

In Delhi, prices have dropped most in suburbs such as Dwarka and Mayur Vihar, where buyers can get two-BHK (bedroom, hall, kitchen) apartments starting Rs. 65 lakh. Such apartments in NCR will cost much less depending on the stage of construction and location.

The sharp correction in property prices is not the only reason to go for a purchase in the near term. Here are some other aspects that one should consider before committing massive resources towards buying a property,

1) Further downsides to pricing capped: The formation of a stable government at the centre has bolstered sentiments in the real estate sector. According to Care Ratings, downside risk to pricing has reduced considerably in metro-cities and in case of tier II and tier III cities, prices are likely to increase in the range of 8 per cent to 10 per cent, with the expected recovery in volumes. The new government's focus on land and infrastructure development will also spur demand in properties and support prices.

2) Growth revival will help consumer sentiment: Home loan offtake has remained stagnant over the last three years because a sharp slowdown in the Indian economy impacted sentiments among salary earners. Salary hikes in India will average just 10 per cent in 2014, according to global human resources firm Aon Hewitt, when inflation has averaged 9.54 per cent from 2012 until 2014. However, with increasing prospects of an economic revival, sentiments are likely to rebound and will fuel property demand. Finance Minister Arun Jaitley expects the country to return to a sustained growth of 7-8 per cent or above within the next 3-4 years.

3) EMIs will come down: High borrowing costs have been one of the biggest overhangs on property sales, but this may change with the expected decline in interest rates in the near future. EMIs on home loans are expected to come down by 8-10 per cent following the recent move by Reserve Bank of India to ease norms for banks to raise long-term funds for financing affordable housing projects, KPMG said in a recent note. Besides, the government has also increased the exemption limit on account of interest on loan in respect of self-occupied property from Rs.1.5 lakh to Rs. 2 lakh. This will lead to additional tax savings for home loan consumers.

Source :http://www.ndtv.com/

News Archive
E-stamping will make Registration of Properties Easier and Quick.
Election impact may hold back Mumbai, Gurgaon realty
HC scraps sale of 351 acres in Gurgaon to DLF
Dwarka Expressway - NCR’s Futuristic and Promising Situate
Ascott signs new Gurgaon property
Companies like Google, Linkedin turn office spaces into happy zones for their employees
signs on for second Gurgaon property in New Delhi, India
Ascott to manage first Somerset-branded property in Gurgaon, India
Was not allotted more than one HUDA plot
Tax Incentives will Spur Housing Sector Economy
Establishment of Smart Cities - A boost to the Real Estate Market
Maintaining a Line Between Nature and Human Life
New Gurgaon - Reason to Smile
Emaar MGF directed to pay Rs 2 lakh for increasing super area without consent
Property Prices Dip in Delhi. Good Time to Buy?
Builders hunt for cheaper land & technology to offer affordable housing
Delhi NCR accounts for nearly 60% of total expected mall space
Resolve Disputes through Arbitration
Decide Gurgaon farmhouse owners representation: HC asks police
Pay Lower Interest Rate on Home Loan
Over 50% Real Estate Buying Online
Time to Make Reverse Mortgage More Adequate
Streamline the Approval Process to Boost Realty Sector
Revenue and Panchayat Road will be on land owned by the builder
Resolve India’s Urban Housing Crisis by Integrated Township and Slum Demolition
Godrej Properties transfers stake in Gurgaon project to Shubh Properties
The Importance of Property Registration
Change of land use permission back in Haryana
Owning a farmhouse in city gets tougher
No stamp duty on property transfer in blood relations
Prevent Yourself from Tenant Trouble
Nation Highway (NH) 8 – A Perfect Location to Invest
Sector Awaits Booster Dose
Immovable Property Gifts Attract Tax
Compensate Gurgaon farmers at current rates, court tells builders
Good Returns Drive Residential Market
New Payment Plans to keep Property Market Steady
Real Estate Industry needs Successful Market Reforms
Important things to know for Maintenance of Housing Societies
Real Estate Industry Eagerly Waiting for Stable Regime
Gurgaon too has its Share of Problems
Gurgaon-Sohna Road - New Hottest Hub of Property
Acquire Best Deals at the Time of Sluggish Economy
Steady Increase in Circle Rates, Gurgaon Real Estate on the Rise

Copyright© Gurgaonproperties.net, All Rights Reserved      Why Us | Career | Disclaimer | Sitemap | Testimonials | Email Us: info@gurgaonproperties.net