Residential Real Estate
The residential sector in Delhi NCR has been affected more by the domestic economy shocks such as high inflation, rising input costs and consistently increasing prices which have acted as a dampener to home sales. The festive season of 2013 was one of the most muted in the last 5-6 years, as sales remained sluggish despite the advertised discounts, festive offers and new projects.
While inventory levels are high in terms of number of months, the overall supply numbers are high only in the broader Noida market. The controlled environment in other sub-markets has acted to keep the numbers at a more manageable level.
Some residential corridors still remain attractive at current valuations. Secondary market valuations are currently trending at a 25-30% discount to the primary market – therefore, the secondary market is a good avenue to get bargain sales.
