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Dream Home in NCR

In the 3BHK flat in NCR region alone around 22, 000 new flats are waiting for their customers. The reason behind this non-selling of properties is nothing but down fall in demand by the end-user.

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Dream Home in NCR

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  1. Dream Home in NCR Are you planning for investment or mulling on buying your dream home? Then the upcoming month might be the best time for you. The real estate industry is facing an acute downfall in inventory sale in Delhi NCR region, which is prompting the builders to sale flats at throw away prices conflated with discounts. In the 3BHK flat in NCR region alone around 22, 000 new flats are waiting for their customers. The reason behind this non-selling of properties is nothing but down fall in demand by the end- user. The current trends, which are now stagnant for a good six months are suggesting that the buyer is can have maximum bargains. However, experts suggest that property rates will remain stagnant for next six months. The compass is a result of a unique situation where buyers are not willing to buy properties at the increased prices and builders are not ready to produce new inventories at till the current stock sells off. Due to which the industry is facing a free fall. At the end, compelling the user to wait and watch position. If we talk about the whole market of Delhi NCR, which include-Delhi, Ghaziabad, Noida, Gurgaon- at least 1.80 lakh flats are waiting for their customers to come. Which the experts believe will take another 60 months to be sold. “The reason for current scenario is unsold inventories, flats are getting customers, as per my view, it will take another 70 months for these flats to be sold out” However, the price rise is not the only reason behind the downfall. Experts mark Customer betrayal as another prominent reason for this. Delay in possession, lack of quality, and difference of vowed and delivered has also resulted in market downfall. In Noida Extension, the delivery of 3 BHK flats in NCR booked in the year 2016 has been done yet. Whereas, in Gurgaon where the market is much investor centric, misleading claims by developers have created major distrust among buyers.

  2. “There are many reasons for this distrust, builders have shown no intentions to deliver flats on time, if a person is willing to buy a property he should buy them directly from the individual sellers, booking is not at all a wise option”

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