Considering a luxurious apartment investment in the Delhi-NCR region? Expert insights suggest that now might be an opportune moment. The current confluence of falling prices and available discounts creates a stable investment environment for the future. Furthermore, anticipating further price reductions might not be a prudent strategy.
Expert Opinion on the Market
Santosh Kumar, CEO-Operations and International Director at JLL, observes, “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,”
Price Trends in Gurgaon, Noida, and Delhi
Experts indicate that prices for luxury and comfort housing units are generally expected to appreciate in Gurgaon. Conversely, prices in Noida may remain stable due to persistent delays in project deliveries and ongoing legal complexities. Luxury housing in the capital city, Delhi, is predominantly confined to the resale market, featuring builder floors and villas in prime localities.
Location and Amenities
The premium attached to properties in Gurgaon and Noida stems largely from their prime locations rather than incorporated amenities. Prominent developers in Gurgaon, such as DLF, Bestech, and IREO, have introduced new high-end, state-of-the-art projects. Similarly, developers like Supertech, ATS, and Shobha are undertaking the development of equivalent luxury projects in Noida.
Investment Considerations
Prospective investors in high-end projects are advised to focus on undertakings nearing completion within the next 12-18 months. This approach mitigates risks associated with possession and timely delivery. Due diligence should also encompass the amenities provided, the overall layout, the precise property location, the builder's reputation, and their historical performance record.