Property prices up 25% in NCR: Report

A study on property prices in Delhi-NCR (National Capital Region) region by Sulekha.com has revealed that property prices have increased by an average of 25 per cent across Delhi-NCR in the last one year. Noida recorded the highest property inflation rate in the region, with a 48 per cent increase in prices. The study, an analysis of over 40,302 residential property listings on Sulekha.com, covered various categories including apartments, flats, new and upcoming projects, individual houses, plots, villas and farm houses. Commenting on the analysis, Mr Satya Prabhakar, Chief Executive Officer of Sulekha.com, said, “Over the last two years, the Delhi-NCR region has witnessed steep inflation ranging from 16 per cent to 45 per cent. Considering an annual rental inflation of 10 per cent on a base rental value of Rs 25,000 per month, our study suggests that the time is opportune to buy residential apartments in the price range of Rs 25-40 lakh in and around Delhi-NCR.” source: http://www.thehindubusinessline.com/industry-and-economy/article3497022.ece