123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Real-Estate-and-Foreclosure >> View Article

Real Estate Delhi: South Witnessing A Mild Depreciation In Rates

By Author: vinay kumar
Total Articles: 54

Delhi, India's capital city, is notorious for showing a continuous escalation in its price rates, which can be attributed to world-class infrastructure, availability of mod cones, and a good potential for reconstructions. Major developers as well as builders have taken real estate Delhi as their major play-field. It is the upper-middle and the elite segments that have kept the prices all high, thanks to a steady demand from them. Contrastingly, a drop was witnessed in the second quarter of 2013, in major localities of South Delhi


Take, for example, the plush colonies like Saket and Defence Colony: the prices are always on a high here. But currently, they too are facing a slump in the capital rates. The souther region is largely occupied by very affluent class, who have incomes in six figures, and disposable enough to invest on property buying. But, it was only recently that these localities saw a depreciation in rates, thanks to the all-new Farm House Policy floated by the authorities.


As per the policy, DDA announced that 26 lowly populated villages in Delhi shall see the development of high-end farm houses. This caught the attention of all those buyers who were planning to buy the farm-houses in South Delhi localities. As they were getting 1-acre top-notch farm houses by spending less, they changed their focus to these scantily developed areas. The result is all there to see: the property for sale in Delhi at Saket has gone down by 14%,; at Defence Colony, the flat rates have depreciated by 9%. This can be seen as the ripe opportunity for those who want to make a purchase in South. The mean psf (price/sq. ft) rate in South Delhi in August, 2013 is recorded as Rs. 13233/ sq ft., an appreciable drop from Rs. 17208/- in August, 2012.


If the trends for real estate in Delhi in the other localities are taken into consideration, we see that the rates are witnessing a depreciation there. The market analysis shows that a slump of 3% in the prices has taken over past one year. One of the reasons was the slow pace at which new constructions are coming into being. But the market is still stable and the prices have not fallen much. The values have remained steady in areas including Dwarka, Vasundhra Enclave, and Kailash Colony. Towards the East, the real estate has got a good boost of about 9% over past one year, while North Delhi saw an appreciation of 4%.


Search properties to buy, sell, or rent at Makaan.com, the premier property sites based in India. Lacs of residential and commercial real estate spaces have been listed over the portal. Search Real Estate in Delhi property that fits within your budget and in the locality that you prefer. Buy properties like individual houses, villas, bungalows, plots, offices, studio apartments, and many more in the cities PAN India.

Total Views: 60Word Count: 487See All articles From Author

Real Estate and Foreclosure Articles

1. Find The House Of Your Dreams With Sunshine Coast Real Estate
Author: Todd Baker

2. Sean Zarinegar-raising Arizona
Author: Sean Zarinegar

3. Paras One33 Noida – Start Your Business At Affordable Budget
Author: Rohit Sharma

4. Private Residential Property Management Services In New York City
Author: Anuradha Walia

5. Single Storey Homes Perth - Renovate Or Build
Author: Patrick Fox

6. Two Storey Home Builders With Upside-down Living
Author: Patrick Fox

7. Great Living Homes - Rural Home Builders
Author: Patrick Fox

8. The Green Ambassador Provides Eco Green Real Estate Green Home Solution Services
Author: Cathy Allen

9. Top Service Apartments
Author: Paul Wright

10. Helping Senior Citizens With Deal With Loss Of Independence
Author: Adam Levine is the author of this article.

11. El Reino - 2 Bhk & 3 Bhk Apartments In Goa
Author: Vianaar Homes

12. 4 Intrinsic Risks Of Real Estate Investment
Author: Rajiv Partap Singh

13. Rio San Juan Real Estate Offer Exact Caribbean Way Of Living
Author: santosh

14. What Are The Top Benefits Of Buying A Home In Fiji?
Author: anil kumar

15. Godrej Tranquil, Live A Premium Lifestyle In Kandivali, Mumbai
Author: Arun

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: