Factors Affecting Ebb In Sale Of South Delhi Properties To Gurgaon and Noida

When in need of a lucrative property in the national capital, the first name that might pop up is South Delhi. However, in recent years, various posh areas in South Delhi have faced a setback. It has lost its glamour that was evident in the heydays when buyers were frenzied about the locality. Stagnation has afflicted the area and properties fail to attract buyers. As a result, various ready to move in apartments are lying vacant. Price of these properties is on the higher side, but potential buyers are now considering establishments in Project In Gurgoan and Noida.

Approval for farmhouses

Rates of properties in the posh localities of South Delhi have gone down by almost ten to fifteen percent in last one year. A major reason for this economic slowdown is the recent policy of development authority of the city. This policy has made the availability of farmhouses easy for prospective buyers. As per a noted city realtor almost ten thousand flats of three and four BHK category that are ready to be moved in. Realtors have state there is a dearth of buyers for this property and the reduction in prices play an important role in this regard.

Availability of amenities

Few Top Real Estate Companies in Delhi NCR are of the belief that the realty sector in South Delhi is suffering from stagnation. More properties are available than demand this because in posh areas old bungalows have been razed down, and new apartments have been constructed. Ample supply of residential property and few buyers have led to a deduction in prices. Another significant reason for this shift is the emergence of high-end properties in Noida and Gurgaon. Availability of basic amenities like parking space, open space and parks is another aspect that has impacted this shift. These are easily available in residential areas of Noida and Gurgaon.

Cheap prices of properties

In case, you are in need of a comfortable living facility then the one-acre farmhouses are a better option. These farmhouses have posed as a competitor against posh flats. More buyers are now opting for farmhouses. The development authority for constructing these farmhouses has demarcated different areas. Irrespective of the boot in price of properties in Gurgaon, these are still cheap in comparison to that of South Delhi.

I have written many articles on real estate and property investment.