Real Estate Scenario in Delhi and NCR

Buying a property in any part of the world is probably one of the biggest investments for any ordinary man. It is obvious for buyers to undertake detailed research and planning before they can commit themselves into a long-term investment. For investing in 4 BHK flats in Delhi, getting a good deal is not really an issue. Delhi and NCR has been the most promising investment sector for real estate over the past one decade, and this trend is likely to rise. If you take a look at the property prices, there have been lots of ups and downs in the Delhi real estate market. However, after the property boom, we have been witnessing sluggish trend for the past few months in realty sector overall.

Falling Property Prices in NCR and Delhi Suburbs

Before investing, it is important to know why some property prices have fallen over the past few years. Well, a combination of high inflation, higher interest rates and sluggish economic development has been stated as obvious reasons. However, developers are also saddled with debt as well as inventory levels, which forced them to cut prices.

In few areas of Delhi, prices have dropped significantly, but in some of the suburbs like Mayur Vihar and Dwarka, buyers are still offered flats at higher rates. However, as you shift towards NCR cities, cost of the same property drops depending on the location and stage of construction.

If you are really keen to invest in 4 BHK flats for sale in Delhi, you should consider the suburbs where you can find some really good flats at a relatively cheaper price. After all, when you are making the biggest investment of your lifetime, a little bit of cost cutting is certainly going to help you. Market research is the key. It is advisable to check property listings.

With the price of property falling low, there is a likelihood of growth revival, which will surely bring in more buyers to the market. In addition, EMIs are also likely to come down. Overall, prospects are better.