Posts Tagged ‘ncr real estate price bubble’

NCR Realty Prices Affordable?

Experts feel realty could correct soon

If you are looking for a decent two BHK flat in the national capital, you have very dim chances of getting one for less than Rs 1 crore.

This is what your property broker would most likely tell you.

"I was looking for two bedroom set in Delhi and Noida for the past six months. But even with a budget of Rs 60 lakh I could not buy a flat for myself. All I was offered was the remote areas in Greater Noida, without proper infrastructure or connectivity," Nitin Agarwal, a senior executive with an auto company said.

In the last six months, home prices in all major metros have gone up very sharply putting it out of reach of the common man.