The real estate market in India has started showing strong signs of recovery as property prices are bumping up across the country.
A study conducted by a realty portal claimed that higher demand pushed property prices up by up to 54 percent in the national capital region (NCR) during the first quarter of 2010.
Property prices at Gurgaon's Golf Course Road and Sohna Road reported a year-on-year increase of 54 percent and 43 percent respectively during the first three months of current year.
Real estate agents in Janakpuri and Vasant Kunj reported an increase of 28 percent and 20 percent respectively in property price for the same period, compared with the corresponding period of 2009. Noida saw an increase 19 per cent during the same period.
Commenting on the recovery in the real estate market, business head Mr. Singh said, “We studied the property price trends of localities across Delhi and found that the real estate sector has moved out of the doldrums and is back on track with prices in key localities moving up.”
Mr. Singh added that high return on investment in the NCR had always attracted buyers.
But, that doesn’t mean that other parts of the country are nor showing growth in the real estate market. In south, the real estate market in Hyderabad and Andhra Pradesh is showing strong demand for both residential and commercial property, particularly from Information Technology professionals, doctors and NRIs.
Ongoing construction of IT parks and residential townships across India have been providing a boost to recovery in the real estate market in India.
For information on property in India, please visit, http://www.abodesindia.com
A study conducted by a realty portal claimed that higher demand pushed property prices up by up to 54 percent in the national capital region (NCR) during the first quarter of 2010.
Property prices at Gurgaon's Golf Course Road and Sohna Road reported a year-on-year increase of 54 percent and 43 percent respectively during the first three months of current year.
Real estate agents in Janakpuri and Vasant Kunj reported an increase of 28 percent and 20 percent respectively in property price for the same period, compared with the corresponding period of 2009. Noida saw an increase 19 per cent during the same period.
Commenting on the recovery in the real estate market, business head Mr. Singh said, “We studied the property price trends of localities across Delhi and found that the real estate sector has moved out of the doldrums and is back on track with prices in key localities moving up.”
Mr. Singh added that high return on investment in the NCR had always attracted buyers.
But, that doesn’t mean that other parts of the country are nor showing growth in the real estate market. In south, the real estate market in Hyderabad and Andhra Pradesh is showing strong demand for both residential and commercial property, particularly from Information Technology professionals, doctors and NRIs.
Ongoing construction of IT parks and residential townships across India have been providing a boost to recovery in the real estate market in India.
For information on property in India, please visit, http://www.abodesindia.com
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