Real Estate Market In 2010
The Real Estate sector, which was hit by the slowdown in 2009, could well be at the revival stage. Industry experts feel that signs of revival in property volumes are now visible. Even with lower volumes, sales seem to be flowing at a steady pace in the Delhi Ncr Region, despite price increases. Prices increased by 5-10 per cent across key projects since August, 2009. Prices in some key areas in South Delhi have moved to new highs.
As the recovery in the residential properties saw strong volume and price momentum, the same for the commercial and retail vertical is daunting,while leasing is yet to pick up strongly, the commercial and retail verticals are set to revive over next 6-9 months.
As the recovery in the residential properties saw strong volume and price momentum, the same for the commercial and retail vertical is daunting,while leasing is yet to pick up strongly, the commercial and retail verticals are set to revive over next 6-9 months.