Property Prices in Residential Micro-markets Increase by Twofold

NCR-DelhiNew Delhi: The upcoming residential markets of NCR which is also termed as residential micro-markets is witnessing a twofold increase in property prices. Homebuyers, who can’t afford to invest in prime locations, opt for these micro-markets due to the attractive schemes.According to the globally recognized property consultant, Jones Lang LaSalle, the property prices in areas like Gurgaon’s Golf Course, Dwarka Expressway, Golf Course Extension and Southern Periphery have seen a huge escalation. Two years ago, properties were priced around Rs. 6,000 to Rs. 9,000 per sq ft in Golf Course Extension whereas the current cost ranges between Rs. 8,000 to Rs. 13,000 per sq ft. Similarly the current property prices in Southern Periphery range Rs. 6,000 to Rs. 7,000 per sq ft and two years ago, it was priced Rs. 4,500 to Rs. 5,500 per sq ft. On Dwarka Expressway, property prices have escalated by 50% and now the properties here are selling for around Rs. 6,000 to Rs. 8,000 per sq ft.The report regarding the appreciation of property prices was presented by CEO Operations, Jones Lang LaSalle. He further added that Gurgaon has considerably turned to an end-user market from an investor-driven market while Southern periphery remains one of the sought after locations as there are high extent of affordable options available here.The construction of the underpass, the anticipated expressway and the proposed widening of the Golf Course Road will improve the connectivity and help to augment the sales. As compared to the apartment prices on Golf Course Road, two years ago which were priced around Rs. 8,000 to Rs. 9,000 per sq ft, the current prices have gone up to over Rs. 12,000 to Rs. 16,000 per sq ft.займ на карту без отказов круглосуточновзять кредит онлайн

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