Indian real estate sector is seen to be one of the fastest growing real estate sectors. A constant rise and fall has been seen in the Indian real estate sector during the past. In the recent years, there has been a tremendous growth in Delhi’s real estate company segment. Over the last two quarters, the property market in South Delhi has shown a marginal appreciation in the rentals. This could have to do with the recent upward revision in the circle rates.
The Government of India has announced a host of measures to spur the real estate sector, due to which the Indian real estate agents sector continues to remain the favored sector for investments from international as well as private investors. Real estate prices in India tend to be strongly boosted by high GDP growth, which puts up some money in the buyer’s pocket.
Posh markets in South Delhi such as Saket, GK 1, GK 2, Green Park and Hauz Khas have not shown much price fluctuations over the past few years. GDP growth is an important factor in deciding the property prices. At present, the rental yields are seen to be relatively low in Delhi. The smaller apartments have higher yields than their bigger counterparts. Developers have been hit adversely due to the drop in residential prices at a time when they are running high inventory levels. The Indian economy is expected to grow more strongly in the future year.
