Property inflation highest in Noida reveals Sulekha.com market Delhi-NCR study
New Delhi, June 6 (ANI-Business Wire India): A study undertaken on the property prices across Delhi-NCR (National Capital Region) region by Sulekha.com, India's leading digital marketplace for local needs, has revealed the following interesting trends.
The study indicates that property prices have increased by an average of 25 percent across Delhi-NCR in the last one year. Noida records the highest property inflation rate in the region, with a 48 percent increase in prices.
This study, an analysis of over 40,302 residential property listings on Sulekha.com, covers various categories including apartments, flats, new and upcoming projects, individual houses, plots, villas and farm houses.
The study covers advertisements posted by builders, individuals and brokers for residential properties in the last one year. It is a comparative study of properties for sale in Delhi, Faridabad, Ghaziabad, Greater Noida, Gurgaon and Noida.
Highest property inflation over the last one year has been recorded in Noida, with a 48% increase in prices.
Gurgaon has recorded the lowest inflation in the region, at 4%.
Property price inflation in other regions has been as follows: Ghaziabad - 35%, Delhi - 25%, Faridabad - 22%, Greater Noida - 17%.
There has been a sharp increase of 16% in the cost of 1BHK (Bedroom, Hall and Kitchen) apartments/houses across the Delhi-NCR region.
Price increase for 2BHK and 3BHK properties has been in the range of 5 to 6%.
Ghaziabad has the highest availability of 1BHK properties - 40% of the total supply. This is followed by Delhi with 36%.
Delhi leads in the availability of 2BHK and 3BHK apartments (43% and 31% respectively), followed by Ghaziabad and Noida.
4BHK properties are well and largely distributed among Gurgaon, Noida and Delhi.
Interesting to note - Places to look for property in the range of Rs. 10-40 lakh:
Commenting on the analysis, Satya Prabhakar, CEO of Sulekha.com said, "Over the last two years, the Delhi-NCR region has witnessed steep inflation ranging 16 percent to 45 percent.
Considering an annual rental inflation of 10% on a base rental value of Rs. 25,000/- per month, our study suggests that the time is opportune to buy residential apartments in the price range of Rs. 25-40 lakh in and around Delhi-NCR."
In the months ahead, Sulekha.com will release similar reports pertaining to Mumbai, Chennai, Hyderabad, Bangalore and Kolkata markets. (ANI)
Read More: Ghaziabad | Gurgaon | Noida | Gurgaon Road | Gurgaon H.o. | Gurgaon Kty. | Ghaziabad Ho | Ghaziabad City | Sec-12 Noida | Sec-16 Noida | Sec-30 Noida | Noida Ho | Sec-27 Noida | Sec-37 Noida | Sec-45 Noida | Sec-41 Noida | Sec-55 Noida | Sec-34 Noida | Alpha Greater Noida | Sec-62 Noida
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