Real Estate Update

Realty prices in Delhi NCR up 10-45%

July 2011
According to a report by 99acres.com, a real estate portal, property prices in the Delhi-NCR region have escalated between 10-45 per cent in the last one year.

Property prices in Delhi continue to move upwards despite signs of stagnation as visible from a slowdown in the demand for homes and the resultant decline in sales volumes.

Areas in Gurgaon saw the highest level of property price appreciation in the NCR. Between Jan-Mar 2010 and Jan-Mar 2011, the per square foot prices of properties on Sohna Road were up 46.1 per cent, DLF City Phase 4 were up 41.9 per cent and in Sector 57 were up  
37 per cent.This increase in prices indicates that the sentiment in the sector has improved drastically since the slowdown.

Contact: Website: www.99acres.com