NCR/Delhi property rates peaked !
Residential demand, not pricing, will drive growth
Money Matters, Livemint, 9 Dec 10
We recently visited Delhi-National Capital Region (NCR), Bangalore, and Mumbai as a part of our GS India Property Tour. We visited about 25 sites at various stages of completion, met management teams and property consultants and made some broad industry-wide observations.
As we had highlighted in our 8 November report, we believe that property prices in pockets of Delhi-NCR and Mumbai in particular seem to have peaked, and we expect limited further price appreciation. Prices in Bangalore have remained fairly stable, but further appreciation should be held in check by high supply potential. We observed higher price inflation in city-centre properties during our tour.
Categories: Delhi, Gurgaon, NCR, Noida Tags: delhi property rates, gurgaon property rates, ncr property rates, noida property rates