Residential property maintains buoyancy
Prices of residential property continues to be a reflection of last year level while prices of commercial property is expected to remain stable, said a realty consulting firm.
Residential property maintained market trends of the last year with robust activity and mounting capital values, Cushman & Wakefield, in its latest market updates, said.
The suburban locations such as Noida, Gurgaon, Ghaziabad are reflecting the same buoyancy as last year with consistent new supply being added to meet the fresh demand.
Expecting the commerical prices to remain stable, it said “demand for ready to move in, incubation space is likely to increase”.
Rental values for prime grade a building, however, within the city centre, are likely to remain plateau.
Office rentals posted the maximum 7% rise for micro-markets located at South Delhi during last six months as against 2% increase witnessed for prime locations at South Delhi.
However, capital values for office space at South Delhi’s micro markets stood at 6.8% during last six months.
Interestingly, office rental values declined by 4% while the capital values for office space rose by 6.6% during last six months in gurgaon.
Capital values for office space in the capital city rose in the range of 4.2-6.8% in the last six months. Capital appreciation for office space in prime locations of New Delhi, including Connaught Place, stood at 5%.
More: financialexpress.com
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