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Delhi/NCR: Sales graph grows in spite of gradual price rise

Reduction in key policy rate and increased demand of property shows expectation of a noteworthy growth in sales. However, even if the price of the properties may grow by 10-15%, sales graph will still go up. The Reserve Bank of India’s indication of decrease in key policy rates will help real estate investors and home buyers to take buying decision.

 

Though property prices will still continue to increase, it is presumed that sales would be unaffected in this scenario. Some of the factors causing price rise are rising cost of construction and inflation. If the new proposed Land Acquisition Bill is implemented, property prices might increase more than what has been anticipated by market experts currently.

 

Demand of property in Dwarka Expressway and upcoming areas is growing up despite gradual price rise. Developers are taking advantage of the opportunity by launching high-end residential projects like Indiabulls Enigma, Sobha International City etc and commercial projects such as Ocus Medley, to name a few.

 

 

This entry was posted in Gurgaon, Investment, NCR Delhi, NOIDA. Bookmark the permalink.

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