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Delhi Real Estate Sees Lesser Number Of Transactions Due To High Property Prices

By Author: vinay kumar
Total Articles: 128

Delhi real estate was always considered as the safest bet for investment purposes. There were easy exit options and buyers and investors would readily buy property for sale in Delhi due to high transaction volume. But sadly the trend has changed recently as property rates in Delhi have recently been out of reach. Unabated migration to the city has caused the property rates in Delhi to skyrocket. Flats in Delhi such as Janakpuri flats have not seen many transactions in the last few months. Currently there are no investors and buyers in the market and hence there are no takers for property for sale in Delhi as rates are very high. Many flats in Mahavir Enclave and Janakpuri flats are simply finding no takers. Investors too are finding a deadlock situation where their property for sale in Delhi is unable to fetch the demanded price. The end-user on the other hand is waiting for property rates in Delhi to correct. Flats in Delhi like Mahavir Enclave flats are not able to witness any movement due to the price deadlock.

People are willing to buy flats in Janakpuri and flats in Mahavir Enclave but they are waiting for the right time. In the last two years Delhi real estate has been fairly stagnant and people have hoped that the property prices will come down. Sadly that has not happened, but this has not dampened the buyer’s spirit. They are still sitting on the sidelines, waiting for the right time to invest in Delhi real estate.

But all hope is not lost as insiders believe that Delhi real estate might show some correction in prices of Flats in Delhi like Mahavir Enclave flats. Experts feel that if the deadlock of prices will continue many investors would prefer to sell their properties and look out for greener pastures. There is already a lot of unrest in the market and if the same trend continues people might want to exercise exit option rather than waiting for right time. Also since the government has cleared land pooling, people are speculating that land pooling might cause oversupply of properties and it might become more difficult for investors to exit from the market. If this happens it would directly benefit the end users who are waiting for the price to correct to buy properties like flats in Janak Puri. But only time will tell which turn the realty sector of Delhi takes in the future.

Makaan.com is a reputed real estate website that lists 1 BHK, 2 BHK and 3 BHK in Delhi real estate across variable price brackets. Affordable and luxury flats in Janak Puri are available for buying, selling and hiring on rent.

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