Friday, January 25, 2008

Availability of Property in Delhi

Prime real estate in Central and South West Delhi has witnessed steady purchasing activity. This may be attributed to the fact that the availability is limited in South & Central Delhi. Many investors, High Net worth Individuals HNI as well as NRIs are focused there. Most of the sales have been in the small developments on old plotted areas where developers are building single floors.

There is hardly anything available for the middle and the lower middle classes. There is nothing in studio apartment or the 2 bedroom category. The actual buyer is definitely there but is waiting for values to stabilize or interest rates to dip.

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