Property prices in Delhi NCR increasing day by Day

Property prices are increasing day by day. People are quoting exorbitant prices for their property to procure as much as possible. Property prices are the greatest deciding factor for property purchase in Delhi NCR.

Earlier the market was rising everywhere, but now the market has turned stable in Delhi. The reason is that buyer is not prepared to invest at such high prices. There was time when the property rates escalated by 3 to 4 lakhs; by the time the person zeroed upon the property. But now the market is comparatively stable.

Property prices in National capital region are also increasing day by day. The last six months have shown tremendous increase in property prices even up to 25% in some areas. Those who had invested a meager amount in property in developing areas of National capital region are experiencing high gains and high returns on investment. And these prices are likely to escalate more due to infrastructural developments and nearness to country’s capital, Delhi.

Property prices are increasing day by day due to rise in demand of Property in Delhi and National capital region. Property prices are volatile in nature. They keep escalating until unless some external factor intrudes to get the right price.

Earlier also the market correction was done through decrease in loan amount and high property prices. But this temporary phase was abolished within a short life span. Now the market is back to track again. State Government has announced high circle rate for some regions in Faridabad. This has led to increase in opportunity to buy the desired property with the help of better loan facilities. An independent plot is funded up to 60% of the registered value. This registered value is decided by the prevailing circle rate of the property. When circle rate is high, then registry value is also high and hence the loan amount can also be high.

Property prices in Delhi and National capital region are increasing day by day. There should be some limit to it. Since the property market is regulated by the private builders; there are no limitations.

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