New builder floors hot buys in posh Delhi this festive season
Wednesday, October 26, 2016 IST
Property bargains in south and central Delhi are seeing footing amid this festive season. Purchasers are requesting recently developed units in these business sectors. A fascinating pattern that has risen is that there is more interest for recently assembled stilted properties rather than floors that are more than six years of age and without stilts, say property dealers.
There is a value contrast in properties that are new and stilted (flats with stopping accessible under stilts) versus old, non-stilt properties and are more established than six years. The last are being offered at marked down costs. There is a distinction of just about 25% to 30% between such properties, says Shveta Jain of Cushman and Wakefield.
Another stilt floor in Defense Colony is probably going to cost around Rs 8 crore to Rs 8.5 crore and a non-stilt property about Rs 6 crore to Rs 6.5 crore. "It is simpler to possess more established properties in south Delhi since they are less expensive than the new ones and that is the motivation behind why action in these business sectors has enhanced," Jain includes.
A 99 sections of land Insite report for the July to September 2016 quarter likewise said that developer floors in Malviya Nagar, Lajpat Nagar III and South Extension I saw a normal increment of 5% in capital qualities.
Leases in upmarket territories of Greater Kailash II and Lajpat Nagar additionally observed an expansion of 6% to 10% because of late framework redesign, the report says.
Developer floors saw the greatest supply in the city. Almost 60% of the Capital's market was held by autonomous houses and developer floors.
Related Topics
Trending News & Articles
While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content.
...
Recently posted . 64K views . 1 min read
The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...
Recently posted . 9K views . 1 min read
Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million.
Rahul and his girl friend was th...
Recently posted . 9K views . 7 min read
True – Tr...
Recently posted . 8K views . 83 min read
More in National
With the Citizenship Bill likely to be passed soon, 24-year-old rapper from Assam Rahul Rajkhowa is worried about the future of his state. Last week, he wrote a s...
Recently posted. 809 views . 1 min read
Bharti Sharma, mother of the 16-year-old kid who made headlines for getting a job offer from Google and afterward for it being a hoax, said on Wednesday the occurre...
Recently posted. 1K views . 21 min read
World Mosquito Day is a celebration of British doctor Sir Ronald Ross’ discovery that female mosquitoes were responsible for transmitting the malarial parasit...
Recently posted. 646 views . 1 min read
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 2K views
Recently posted . 2K views
Recently posted . 4K views . 57 min read
Recently posted . 3K views . 31 min read
CBI found that three Delhi and Faridabad-based agents lured parents of 25 boys, all minors, sometime in early 2016, stating that their kids will be sent to France...
Recently posted. 734 views . 1 min read
Panaji: Three of the 18 people captured from crosswise over Goa and Maharashtra regarding the Army exam paper leak were grabbed from a bar in North Goa's Anjuna...
Recently posted. 755 views . 9 min read