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Builders Expect Property Prices to Rise In Delhi-NCR in 2018-19

Courtesy/By: Simren Mehra | 10 Apr 2018

A survey conducted by online trading platform OLX , showed that 75% of real estate developers expect property prices to rise in Delhi and the National Capital Region (NCR) in the financial year 2018-19.The survey was conducted among 200 developers and property consultants in Delhi, Gurugram, Faridabad and Ghaziabad.The OLX Delhi-NCR Realty Survey attributed the optimism regarding prices to expectations among builders that regulatory developments will improve transparency in the system, eventually boosting the confidence of buyers and sellers at large.

Commenting on the survey, Chief Operating Officer of OLX India Irwin Preet Singh Anand said: "The year 2018 could possibly be the year of come back for the real estate as we see significantly higher participation of property buyers."Given the positive sentiment in the market, more and more individual and business sellers are flocking on our platform to benefit from the growing demand," he said.The report also said that around 55 per cent of the developers in Delhi-NCR were planning to go ahead with affordable housing projects (priced less than Rs 40 lakh) as part of their portfolio

Courtesy/By: Simren Mehra | 10 Apr 2018