According to the report, it is witnessed that during January-March period the housing prices remained stable in the national capital region(NCR). And the report is completely focused on buying and rental price tendency in residential real estate across 7 major cities in India such as Delhi, Hyderabad, Mumbai and so on.
Place like Delhi-NCR have remained unchanged in Q1-14 as compared to Q4-13 and in comparing with Q1-14 with Q1-13, no major change in capital price is found. Furthermore, rental for 2 BHK flats also remained stable during the first quarter of 2014 against the year ago.
Developers would start launching their new-modern projects with election process getting completed.
Besides this, places like Gurgaon and Noida which has witnessed a lack of transactions, may uplift the deals in the coming six months. Whereas, In Delhi, place like Vasant Vihar seen 27% in prices per square during Jan-March over the early years, while Mayur Vihar phase-II & Vasundhra Enclave saw a 12 per cent up in capital value apartments.
Greater Kailash observed 8 per cent higher to Rs. 18,950 per sq ft, on the contrary,localities like Dwarka sector-22 and Kalkaji has seen a fall of 16 per cent and whereas Kailash dip of 15 per cent.
On the other hand, where Mumbai improved to 2 and while, Pune by 4 per cent appreciation in the first quarter of 2014 compares with 4th quarter of 2013.
In the southern region, Hyderabad pointed 3 per cent boost in capital price, though Bangalore has witnessed of 4 per cent and Chennai market is still constant.
