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Suburban Delhi sees a lot of real estate activity
To overcome the slowdown in business and attract home buyers, builders in Delhi are attempting new initiatives like throwing in maintenance and facility management services. Despite all this, builders are wary of cutting prices just yet, fearing a crash. Suburban Delhi property market is seeing a lot of action, while the South Delhi market is reeling under pressure.
Demand for projects in Gurgaon and Noida has risen on the back of better specifications and overall amenities, and often at the cost of central and south Delhi properties. Delhi's posh Defence Colony, Vasant Vihar, New Friends Colony and Safdarjung are witnessing a slowdown in demand, with many new floors remaining vacant.
The story is the same in Vasant Vihar where a recent deal saw prices touch Rs 20 crore for a floor on 600 square yard plot. However, that was after heavy bargaining. Brokers say the situation is tough. Even other South Delhi colonies like New Friends Colony and Safdarjung are seeing the pain.
To overcome the slowdown in business and attract home buyers, builders in Delhi are attempting new initiatives like throwing in maintenance and facility management services. Despite all this, builders are wary of cutting prices just yet, fearing a crash. Suburban Delhi property market is seeing a lot of action, while the South Delhi market is reeling under pressure. Demand for projects in Gurgaon and Noida has risen on the back of better specifications and overall amenities, and often at the cost of central and south Delhi properties. Delhi's posh Defence Colony, Vasant Vihar, New Friends Colony and Safdarjung are witnessing a slowdown in demand, with many new floors remaining vacant. The story is the same in Vasant Vihar where a recent deal saw prices touch Rs 20 crore for a floor on 600 square yard plot. However, that was after heavy bargaining. Brokers say the situation is tough. Even other South Delhi colonies like New Friends Colony and Safdarjung are seeing the pain.