Demand for Residential Properties in Delhi falls

Residential market of Delhi is facing a sluggish momentum now. The home sales have fallen down in the area. According to the realty experts in the area, the situation is nothing different in other NCR cities. They also face a downturn. This is fact. Let us how or why the demand for Residential Properties in Delhi has fallen. You will really be surprised to see that this is only in the paper and not in reality.

When you see the huge number of people who are planning to Buy Property in Delhi, you will feel that why then the report says that there is no demand. In fact the number of home sales is weak, but the demand is still higher. You may be confused over this statement. I will explain and clarify this to you now. What I mean here is that there is demand for properties in the city but due to the higher prices, many are not able to buy them out.

It means that those who wish to buy a 2 BHK apartment with Rs.30 to Rs.40 lakh may not find an apartment within this range. The average cost for such a spacious 2 BHK apartment with all sorts of amenities and facilities will be over Rs.60 lakh. Thus those who come up with the above said budget remain unable to buy any home due to the higher prices which feature Real Estate in Delhi.

There is no place for any residential development in Delhi. This is one of the main reasons why the property prices are shooting up in the city. In case if there is sufficient available land in the city for residential development, then the prices would not have gone higher in this way. Due to this sky reaching property prices, the medium class people do not raise any demand for Residential Properties in Delhi.

They prefer suburbs to Delhi and so they are seeking homes in the suburbs. Or they move to other NCR cities like Noida, Ghaziabad, Greater Noida, Gurgaon, and so on. These cities have become capable of providing sufficient number of job opportunities to the people of all professions, thus they also find it wiser to stay here. It means that their sentiments to Buy Property in Delhi are negative.

On the other end, there are many investors in the city. The investors are attracted to the city by the fast growing nature of Real Estate in Delhi. Whoever invests in the city gains better returns and so the number of investors is increasing day by day. If you are planning to have some sort of real estate investment you can wisely select Delhi. You will surely gain better returns from your investment.

Commercial Space in Delhi – One of the Best Options for Investment

The rentals for Commercial Space in Delhi are increasing due to the lower supply of commercial spaces. Comparing to the higher demand, the supply is lower and thus the rentals are going far higher. It is now not easy to rent or lease any of the properties in the Capital City mainly because of the shortage of supply. Another important thing which you will see is that despite higher rentals, the demand is still higher.

Adding to all these, the presence of investors make Office Space in Delhi costlier ever. How this happens? This is because the price is always dependent on demand and supply proportion. Along with the increase in the demand, the prices rise. On the other end, the prices will come down if there is more supply. Unlike the demand, it happens on the other side, means that prices will go up when the supply is short.

There is not much space for developing Commercial Property in Delhi. This is the reason why there is shortage of suitable office space. This shortage of office space in the capital is what boosted the growth of other commercial centers like Gurgaon and Noida. There is high demand for commercial properties in the NCR region. Now it is considered as the best time to invest in the commercial sector and not in the residential sector.

Why invest in the commercial sector?

According to the experts, commercial investment has slowly become the trend in top cities. As against the residential sector investment, commercial sector is more stable. There is only less chance for a price fall in the commercial sector. As long as there is shortage of sufficient Office Space in Delhi, it will remain as one of the best options for investment. Still many are considering it as wiser to run office in the capital than anywhere else.

There are many who live outside the capital. It means that the people are ready to live outside the Capital City, yet they wish to run office in the National Capital from where they hope to attain better returns through their business. As there is better demand for Commercial Space in Delhi, they will remain better options for investment. The investors are also keen to invest in the commercial sector now, just as they have come to know about the situation.

A good investor always invests only after studying the facts, and never does anything without first studying the situation. They analyze and compare different investment options as well. After analyzing and studying the existing market situations and conditions, the experts also say that Commercial Property in Delhi is good for investment. Still why doubt? Just go ahead optimistically.

Buy Delhi Property Now Before Prices Go Higher

According to a recent report, there are over 1.4 lakh unsold residential properties in Delhi. Due to this higher number of unsold inventories, the developers of the area are not coming up with any new projects. Thus the number of new launches has become shorter. This situation makes Delhi Property hotter than ever.

Though there are many unsold properties, the effect on this is very light on property prices. Property prices are still higher and beyond the reach of any normal man. The prospective buyers may be happy to see that there are many Flats for Sale in Delhi. Though it provides them a chance to bargain and attain property at lower prices, are they still affordable?

The Delhi government and the urban development authority are trying their best to provide affordable homes to the people in the city. However, despite their efforts, the number of affordable Residential Properties in Delhi is very less. Most of the properties are costlier. Though they are not falling into the ultra-luxury category, the prices are higher.

Developers say that the property prices will be higher and will be rising in the years to come. There exists no possibility for the property prices to fall. They point out to the increasing labor charge and other costs. Land prices have also touched sky and still they are rising. They say that there is no place to develop Apartments in Delhi.

If there is sufficient space and there are land parcels available at reasonable or comparatively lower rates, then, then only there is a possibility for the prices of Delhi Property to fall down. As long as there is no more space for any residential development, the prices will stand stable and higher.

Moreover, say the industry experts, the investors will be affected by a fall of property prices. If the prices fall, then no one will sell out any of the properties. Then it will be hard to find any Flats For Sale in Delhi. Now there may be many unsold properties, but nothing will be sold at a lower price for sure.

It means that there is no price correction possible in Delhi. According to the experts, the investors will be the worst to be hit by a fall of property prices. Majority of the investors are having more than one Residential Properties in Delhi. Though they invest in these properties with an aim to exit with returns, they may not sell any of them at lower prices.

Thus it will be hard for anyone to own any Apartments in Delhi at lower prices. So those who are planning to buy property when the prices fall, will never own a property for sure. So the best thing you can do is buy a property as soon as possible before the prices reach another higher level.

Lease Commercial Space in Delhi at Affordable Price

Is the demand for Commercial Space in Delhi increasing or decreasing? How can we know this? If you are thinking of having an office in Delhi, you must know the pulse of it. If you do not know the pulse of the area, how will you begin your office? So let us see how the commercial properties in the city are demanded. For sure, there is higher demand for commercial properties in the city.

Acquiring an Office Space in Delhi has never been and easy task just because there is higher demand and lower supply. The supply of suitable office space is very low in the city and this affected the rentals of the city. You must have noticed that the demand for the commercial properties is higher and the supply is lower. This provides a chance for the property owners to earn good returns in the form of rentals and value appreciation.

You must have to be ready for paying higher rentals for attaining an office in the city. Unless and until you do not pay high, there is no space for you. It means that the demand is higher and there are many who are ready to pay higher. One thing that they are all sure of is high profit. The chances for everyone who runs business in the city are higher. This is the reason why there are many who invest on the Commercial Property in Delhi.

The demand in the city is affected with the growth of Gurgaon, Noida and other NCR cities. However, it has not affected the demand very highly that still there are vast numbers of people to rent and lease Commercial Space in Delhi. We cannot say that the other cities are not good for running your business but we can say that the best place for running your business is Delhi, the Capital City.

Just by being the national capital, there are many corporates who wish to have their headquarters in this city. Having headquarters in Delhi, for them, is a matter of prestige. Is it only for a matter of prestige? Surely not. On the other end, these corporates are acquiring Office Space in Delhi as part of their strategy to woo their customers. In simple words, it is a marketing technique of them.

The corporates are sure that they will be able to gain better business by having their headquarters in the National Capital. The demand for Commercial Property in Delhi increases when these corporates are expanding their offices. Once their expansion is done, there will be no more demand for the commercial properties. However, seeing the expansion plans of many corporates, the number of investors who invest in the commercial sector has increased.

There Are Sufficient Commercial Space in Delhi with Modern Facilities

Most of the companies relocating as part of their cutting short their expenses have resulted in weakening the demand for Office Space in Delhi and other NCR regions. CBRE, a US based real estate and property consultant, has reported that the office space demand is weak across the country in the January to March quarter of 2013. Though there was a slight growth in the office space absorption by the end of last year, the momentum faded this year.

The demand for office space across the country has been affected. Due to the sluggish real estate market, many of the corporates were planning to shift their offices to bigger offices, leading to an increase in the demand. However this expansion plan was overturned by the global economic crisis. The impact of global financial crisis is severe in the subcontinent too. The IT sector too has not been raising any demand. Though the weak IT demand does not affect the demand for Commercial Space in Delhi, it too has slightly affected the commercial sector in the national capital region.

Though there are many upcoming commercial projects in the National Capital region, there aren’t many in Delhi. So to say there is not sufficient numbers of Commercial Property in Delhi. All the more the properties which the Center has are old and devoid of many modern facilities and amenities which the people look for. Thus the sentiment of the takers is diverted to other NCR regions.

There are vast number of commercial properties are coming up in other NCR regions. Most of the upcoming projects have most modern facilities and amenities. In comparison to these outstanding projects the facilities available at Delhi is nothing. This is the reason why there is no good response for Commercial Space in Delhi. Experts opine that the demand will be boosted by the redevelopment of many such existing projects.

Once redevelopment takes place, the demand for Office Space in Delhi will be boosted. In the opinion of the experts, the business class people want to have offices in projects which provide better facilities and amenities. As the commercial projects in other NCR locations are far better in amenities and facilities, the business class people are more attracted to these locations.

You can notice easily that there are many good projects are coming up in these regions. There are many upcoming commercial hubs in these areas. All these factors pull the demand for Commercial Property in Delhi downward. Yet, it has to be noted that there are some locations in Delhi which is highly demanded. Connaught Place in Delhi is one of the top commercial hubs in the capital. Though the other regions have commercial projects with better amenities, location advantages are better in Delhi for sure.

Commercial Property in Delhi Available At Affordable Price

The demand for office space in Delhi and other NCR regions is rising. Due to the higher rentals and steady income generation the commercial properties are becoming more popular for the investors as well. Recently private equity major Blackstone has invested in one of the info park in Gurgaon. The business class people always wish to have headquarters in the top cities. This is the reason some of the companies are registered in Delhi yet their area of work is in other cities.

Headquarters is considered as the signal of reliability and fame of any company. This is the reason why most of the companies wish to have headquarters in top cities. For them the address matters. For instance which company will be considered as better by you –a company that has headquarters in a small city or in Delhi? Being the national capital there is higher demand for Commercial Property in Delhi especially by those who wish to set up their headquarters here.

Along with the expansion of these companies, the demand for Commercial Space in Delhi will be increased. With the demand for commercial properties increasing in the city, there will be a boon for commercial development. The developers are finding it hard to develop properties due to the lack of land parcels. There is no more land available for development.

This creates better appreciation for both residential and Commercial Property in Delhi. Along with higher appreciation, the rentals are also going up towards the sky. This too improves the sentiments of the investors and takers. Considering the shift of investment from residential sector to the commercial sector is the result of this. Analyzing the investment amounts in the Capital city, we can see that the investment in the commercial sector is improving now a day for sure.

Industry experts have already predicted that the office space absorption will be more in the coming years. The demand for office space in Delhi will be mainly with the expansion plans of big companies. For expanding the business, the companies need bigger offices and this will boost the demand. Many Indian and foreign companies are planning to expand this year. Most of them had postponed their expansion plans last year just because of the global economic crisis.

This year due to the sluggish real estate market the expansion will be taking place. This will ask the developers to develop more and bigger Commercial Space in Delhi and other NCR areas. However the main problem for them is the lack of industrial land for this. The builders are now looking for more vertical developments and this may have an impact in the commercial realty sector in the national capital region as a whole.

Commercial Space in Delhi for Rent At Best Location – Book Today

In a recent report Connaught Place in Delhi was registered as the fourth most expensive commercial and office destinations in the world. CP in Delhi remained top two in the Asia Pacific region too. This report alone shows how hotly the Commercial Property in Delhi is sought after. The National Capital has a commercial importance in all the ways. It lets the business class people to earn better returns. In fact, the returns would be the maximum if the business is done in the Capital.

Have you ever thought why there is higher demand for Office Space in Delhi? You might not have thought of it. If you are a good business man you know what all things you will have to consider before you start up your business. You will be looking for a location which supports your business in all the ways. You know how the location supports the business.

By location we mean an area which is often crowded. How much and larger the people are, the business prospective too. You will have good or even better business if your office is set in a place which is often visited by large number of people. So when you see that the Capital is witnessing a good flow of people, you will realize how wise it is to start up here. So let us start up by gaining a Commercial Space in Delhi.

How can we attain or gain an office space here? Are you confused over the business? You will have to look at the rentals and the location advantages before you take up any Office Space in Delhi. All the more you will have to consider the fact whether you want to rent or buy an office space. If you do not have sufficient fund, it will be better that you rent or lease a commercial property.

Leasing or renting is good and advisable only if you do not have sufficient fund. There are many who invest on the Commercial Property in Delhi. The investors are shifting their investment from residential sector to the commercial sector. The higher rentals attract and pressure them to do so. It is never an easy thing to lease or rent an office just because of the higher rentals existing in the city.

You will surely have to pay higher for any Commercial Space in Delhi. There will be no affordable property in the city in any way and so you must be ready to pay for it. One thing is sure if you lease a property here in this Capital city, you will never lose any amount of money. On the other hand your profit will be doubled in the case of an investment in the city.