The demand for Apartments in Delhi has declined in the last few months due to the slowdown. This apart, real estate expert’s feel that lack of dedicated players and lower construction prices too have impacted the demand in this segment. This, however, was not the scene a year ago. “Last year, the boom had resulted in corporate offering a lot of privileges like frequent travels, which had seen a rise in demand for service apartments. However, lately, with the domestic travel reducing and even hotels offering cheaper prices, the demand has dropped a bit. Nevertheless, the industry expects demand for apartments and flats to rise again in the next six months as being told by real estate experts.
Real estate analysts agree that the option of apartments and individual house is better than other segments as far as corporate are concerned. Service apartments and plots and land category in New Delhi that support stay with a duration of over six months. Compared with that economy is said to be growing at a steady pace. Longer stay, however, is being ruled out by corporate as of now. The real estate market in Delhi is dependent on a lot of factors which is directly proportional to the weather investments and government policies.
Demand in the New Delhi Real Estate is expected to turn positive in 2010 due to improvement in affordability, steady economic growth and greater liquidity according to a top research report on the real estate sector. However, the decline in the currently overpriced capital values of all three real estate segments of residential, commercial and retail will persist through 2009. Commercial and retail markets will continue to see increase or decrease of rentals in the next two years.
Accelerated growth of Indian economy, recovery of global economy, improved liquidity and expected fall in interest rates are key factors that will signal demand revival in the New Delhi Real Estate. This segment is likely to see a much faster revival due to a strong underlying demand for housing and supply coming at attractive price points.
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