Real estate is coming back to life

Delhi-NCR’s real estate is reviving. There are new launches than the past few years.

Worst is over:

  • First economic slow down, then demonetization, RERA and GST had hit the real estate sector in the region.
  • Nearly 1.5 lakh flats were unsold. There is hope. New launches increased by 46% than last year.
  • However, most of the launches are below INR 50 lac ones.

How does it impact Delhi-NCR:

  • More launches mean more construction activity. It leads to more people getting employed.
  • After agriculture real estate employs most number of people in the economy.
  • Since Delhi-NCR added more office spaces than residential, expect the offices to be available at reasonable rates.