Real Estate Values Soar in Delhi & NCR

Real estate prices in few areas of the NCR slid high by 20 to 27% in the leadingsector of the present financial year as compared to the following period of 2010-11. “Property costs for Delhi have seen rise if we match per square feet value of Q1-11 over Q1-10. Specificmain areas such as Rohini and SaritaVihar have notice 27% and 20% developmentrespectively in costs compared to costs over Q1-10”.

As per a report, the rising price sentiment would remain as the costsnormally are rising up by 15%. The South Delhi areaSaritaVihar’s PSF costsincrease by 27.60% at INR 8,110 as compared to Inr6,356 in the year of 2010-11, while north Delhi-based Rohini’s PSF costsaugmented by 25%. This is followed by Patparganj at a PSF price rise of 21.68%. Other areas like southwest Delhi-based Dwarka sub city’s PSF cost also augmented by 28 % in sector-11 and sector-2. Realty costs in suburban NCRsuch as Noida and Gurgaon also amplified because of metro rail services became operational.

Costs per square feet in sector 110 and sector 93 of Noida also stirred up by 16 % and 11 % correspondingly, as compared to costs in the conforming period of previous financial year. “Gurgaon saw an upgoingdrift in property costs. Properties situated on the DLF City phase IV andSohna Road and have notice the maximumhike in costs by 46 % and 42 %, correspondingly, in Q1-11 over Q1-10”.