Categorized | International

The Real Estate Industry Report of Delhi, India

The Real Estate Industry Report of Delhi, India
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An industry report of India, New Delhi is showing the rise in the price of real estate from 20 percent to 27 percent during the first quarter of 2011. The value seems to be skyrocketed when compared with the index value of the last year which is showing an escalation in the properties of New Delhi.

As the housing prices are still rising, the same will continue with the growth ratio of 15%. According to the business head of 99 acres Mr. Vineet Singh, the same trend will most probably bring the stability in the price of the properties in Delhi. Till now, nothing special has been noticed in the real estate market of Delhi.

The report is also showing the increase in the price of Sanita Vihar’s PSF which is known as the South Delhi locality. The increase in the price has been noticed by 27.60 percent as compared to the price of 2010 which was around 25 percent. The total amount in rupees increased from 6,356 to 8,110.

Whereas when you compare this ratio with the price of north-Delhi based housing schemes you will find an increase of 25 percent as compared to the price of 2010. The two sectors of southwest Delhi are also showing the increase in the ratio by 28% which is considering as a good improvement for the growth of real estate market of India. The introduction of new metro rail service has also increased the property value of the capital regions of India such as ‘Noida’ and ‘Gurgaon’.

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About Nancy Raven

Nancy is the main writer for the International section of the website. Sometimes she also helps Drew out on the Finance/Mortgage section as well.

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