The property market in Delhi is reporting dip in house prices and rentals, with those in the suburbs the worst affected. Residential property sales have dipped by almost 45% in main parts of Delhi but prices are still stable, according to the latest analysis from a real estate analyst. But in the suburbs there has been a 20 to 25% dip in prices. A slowdown is also starting in the commercial sector.

A meltdown is gripping almost all the segments and sectors of the Indian real Estate market. Apartments rentals have started to come down in Delhi and other parts of Delhi said by a top builder, director investments at a top property investment company. Property exhibitions mainly showcasing residential properties coming up in suburban Delhi, Sector 4, Greater Kailash and other parts of  Delhi have witnessed a large number of curious visitors but the bookings have been poor and not been very encouraging, according to realtors and developers. But he added that the demand for retail and office space in the Delhi market is still huge. Well-developed buildings still command a good premium and reasonable interest rate. But there is a rationalization happening in the rentals in select market which is good for industry and Real Estate in Delhi.

The slowdown has prompted developers to offer a range of offers and concessions rather than reduce prices so that this increases the Delhi Properties. Big developers have joined hands and decided not to scale down the prices for another six months. These are developers with deep pockets. Discounts and concessions being offered include the developers themselves bearing the stamp duty and registration cost and builders cost.

A few recent interventions made by the state government are also expected to have a softening effect on the prices and slackening of interest rates by the state government. The state has granted additional floor space index that is more space for construction of Delhi Property in the outskirts of the city. This is expected to give a boost to old housing societies which could go in for redevelopment and encourage the Delhi Property.

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Article Source:http://www.articlesbase.com/real-estate-articles/new-trends-in-the-real-estate-market-in-the-capital-city-1078510.html