Real estate is coming back to life
Delhi-NCR’s real estate is reviving. There are new launches than the past few years.
Delhi-NCR’s real estate is reviving. There are new launches than the past few years.
Worst is over:
First economic slow down, then demonetization, RERA and GST had hit the real estate sector in the region.
Nearly 1.5 lakh flats were unsold. There is hope. New launches increased by 46% than last year.
However, most of the launches are below INR 50 lac ones.
How does it impact Delhi-NCR:
More launches mean more construction activity. It leads to more people getting employed.
After agriculture real estate employs most number of people in the economy.
Since Delhi-NCR added more office spaces than residential, expect the offices to be available at reasonable rates.