If you are thinking in investing in luxurious apartment in Delhi – NCR, then take a look on Experts opinion. According to Experts the fall of prices, on with discounts on offer, makes for stable investment decision for future. He also said that the holding for prices to come down further may not be sensible.
Santosh Kumar CEO-operations and international director JLL said “In the last few quarters, there is dullness in prices with increasing discounts and motivation actually causing decrement in housing prices. Assume further discounts may not be a sound decision as actual unsold housing levels in few pockets of Gurgaon and Noida will not allow for further price reduction,”
Experts say the coast of luxury and comfort housing units are habituated to rise in Gurgaon city while lowest price in Noida may stable due to constant delay in deliveries and legal trouble in projects. Luxury housing in capital is largely bounded to the resale market that offers builder floors and villas in pink areas.
The bear price for properties is largely due to best location not due to inbuilt facilities, which is in Gurgaon and Noida. In Gurgaon Developers like DLF, Bestech, and IREO have launched their luxury and advance projects, while in Noida Developers like Supertech, ATS, and Shobha are developing these luxury advance projects.
While investing in luxury advance projects investor should overview projects which are likely to be completed in coming next 12-18 months to reduce the risks related to possession and on time delivery of projects. Facilities being offered, complete layout, exact location of the property, reputation of builder and whole track record should be given a thought too.