BENGALURU | NEW DELHI: Banking professional Nikhil Kumar had been hunting for a house in and around Noida for over two years but everything seemed expensive. Like others, he had hoped that by holding off long enough, prices would drop and his dream home would be within reach. The slowdown in the real estate market did just that.
Kumar recently bought a two-bedroom house in Noida Extension, where prices have come down 8.3% to about Rs 3,300 per square foot from Rs 3,600 per sq. ft. in January 2014.
"Builders and brokers are willing to negotiate better deals today, which was missing some time back," he said. In Bengaluru, IT professional Farooque Sait latched on to the opportunity to buy a second home when he saw prices decline by about 5% over the past two quarters in the Yelahanka area.
with thanks : economictimes : LINK : for detailed news.
Nice post. Please add much more details on the availability of property in Delhi / NCR.
ReplyDeleteRWA Bhagidari