Delhi NCR witnessed a minimal downtrend of 1% in Jul-Sep 2016

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99acres Insite is a quarterly report which captures the capital and rental price trends of the residential realty market across seven major cities of India. According to the report, property prices per sq ft in Delhi NCR witnessed a minimal downtrend of 1% in Jul-Sep 2016, as compared to Apr-Jun 2016. The rental market improved by 2% in the last one year.

Narasimha Jayakumar, Chief Business Officer, 99acres, said, “The bottomed up capital prices, attractive schemes by developers and rate cuts by RBI foretell a progressive story for Delhi NCR’s realty landscape in the forthcoming quarters. Although active transactions were limited despite improvement in enquiries, the capital graph is anticipated to become steady as end-users and investors return to the market. The rental scenario of Delhi NCR strengthened YoY with transactions witnessing a marked improvement, especially in the micro-markets of Noida and Gurgaon.

An upswing in office space absorption and governmental endeavours to enhance infrastructure keep hopes for a brighter future alive.”

Price Trend Analysis of Delhi (Jul-Sep 2016 vs. Apr-Jun 2016):

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