Like the Delhi residential real estate witnessing a sluggish phase for the past few months, the commercial properties have also been hit down by a slowdown. Subsequently, some business districts in Delhi have seen a decline of up to 25% in office rentals in the June quarter, media reports.
Currently it is very difficult to acquire a property in Delhi because of the shortage of land/house & in case you find the place then the same would be provided at a very high price. Reason for this high rate is that commercial as well as residential property has hit down by a slowdown and decline in the market value of property i.e. commercial and residential. 25% to 40% decline in leasing value of the property (situated in premium locations) was noticed.
But very soon the value of property in Delhi has started touching the sky with the explosion of trade and retail market and high rate of return on the investment (real estate market). At present the fall in property’s price is considered optimistic. Currently corporate sectors and individuals are very much careful while investing money in the property (residential/commercial). Now the builders and agents can expect some actions in real estate market because of the fall in commercial property values.
Scarcity of property is the major reason of high value of commercial space. But now the supply is almost matching the demand of property in different locations (Delhi/NCR). And it is expected that supply will be sufficient enough to execute the demand of it.
Requisite and demand of Business and Commercial Properties are increasing day by day and Real Estate Market in Delhi is becoming & developing more sparkling these days. You can find the several reasons because of those facts priority of Delhi is going up regularly. Very prime and major cause for this importance which is given to Delhi is as it’s a capital of India. And now its turning into a major International Commercial Centre, having well connectivity to the Business Locations the business worth of Delhi has grown up very high in last few years. Further, Commencement of Commonwealth Games 2010 and connectivity of Metro (In Delhi & NCR) has further added to the appeal of Property demand in Delhi.
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