BWI: Sulekha.com Releases Market Study on Property Price Inflation in Delhi-NCR

Press release from Business Wire India
Source: Sulekha.com
Wednesday, June 06, 2012 01:15 PM IST (07:45 AM GMT)
Editors: General: Consumer interest; Business: Banking & financial services, Business services, Construction, Real estate, Retailers
--------------------------------------------------
Sulekha.com Releases Market Study on Property Price Inflation in Delhi-NCR
Property inflation highest in Noida: 48%

New Delhi, Delhi, India, Wednesday, June 06, 2012 -- (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% across Delhi-NCR in the last one year. Noida records the highest property inflation rate in the region, with a 48% 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.

Key findings:

-- 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:

-- Rs. 10-15 lakh: Uttam Nagar and Mehrauli in Delhi; Sector 70 and Neharpar in Faridabad; Bhopura and Vaishali in Ghaziabad; Yamuna Expressway and Sector 1 in Greater Noida; Palam Vihar and Carter Puri in Gurgaon; and Noida Extension and Sector 143 in Noida.
-- Rs. 15-25 lakh: Rohini Sector 20 and Mehrauli in Delhi; Sector 89 and 78 in Faridabad; Indirapuram and Vaishali in Ghaziabad; Sector 1 and Yamuna Expressway in Greater Noida; Dharuhera and Sector 92 in Gurgaon; and Noida Extension and Sector 78 in Noida.
-- Rs. 25-40 lakh: Rohini Sector 24 and 21 in Delhi; Sector 88 and 89 in Faridabad; Indirapuram and Gyan Khand 1 in Ghaziabad; Yamuna Expressway and Knowledge Park 5 in Greater Noida; Sector 92 and 37D in Gurgaon; Sector 137 and Noida Extension in Noida.

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% to 45%. 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.

Annexure: The complete report on Delhi-NCR Property Inflation

About Sulekha.com:

Sulekha.com is India's leading digital marketplace for local needs. The company is headquartered in Chennai in India and Austin in North America, and has offices in Mumbai, Delhi, Hyderabad, Bangalore, Ahmedabad, Pune, Kolkata and New York. Please visit www.sulekha.com.

To view the Sulekha.com - Complete report on Delhi-NCR Property Inflation (New), please click on the link given below

Sulekha.com - Complete report on Delhi-NCR Property Inflation (New)
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/PPT.pdf
PPT.pdf


CONTACT DETAILS
Geetha Raj, Sulekha.com, geetharajc@sulekha.net/
Sowmith Mukund, Sulekha.com, sowmithm@sulekha.net
Nikhila Kesavan, Brandmap Communications, +91 9840124036, nikhila.kesavan@brandmap.in
Divya Singh, Brandmap Communications, +91 9789882403, divya.singh@brandmap.in

KEYWORDS
CONSUMER, BANKING, BUSINESS SERVICES, CONSTRUCTION, REAL ESTATE, RETAIL

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

Submit your press release at http://www.businesswireindia.com