1. Top Sources of Capital for Business Owners
  2. Revealed: Steps on How to Incorporate Your Business
  3. Secrets of Running a Successful Crowdfunding Campaign
  4. What direction to go If Your Parcel Shipping Is Too Heavy?
  5. B.C. premier’s Plan A in the wake of Site C
  6. Nornickel plans investing 1 trillion rubles in ecology, modernization within five years
  7. Understanding how Financial Instrument Leasing Works
  8. What is So Fascinating About Property Investment?
  9. NCR housing investments risk a collapse, warns Delhi realtor Jagmohan Garg
  10. Top Guide of Ico Ranker
  11. Which cheap and best rank tracker is Right?
  12. DISCOUNT REALTY HOMES FOR SALE ON THE WEB
  13. Importance And Benefits Of Getting Installment Loans Up to $5000
  14. Growing Future Naturopathy Authorities
  15. Before Starting a New Business, Every Start up Needs This Report
  16. I ought to just try
  17. Saw that it was covered
  18. People all the time
  19. He must have tried
  20. He always rolled back
  21. Get into that position
  22. Chooses to enjoy a pleasure
  23. Every pleasure is to be
  24. These matters to this principle
  25. I lie close to the earth
  26. Heaven and earth seem
  27. However a small line
  28. About the blind texts almost
  29. The coast of the Semantics
  30. Supplies it with the necessary
  31. Dragged her into their agency
  32. Had grass morning
  33. Where they abused her
  34. Said could convince her and
  35. Around and return to its own
  36. Replenish itself
  37. Came from it would have been
  38. If several languages coalesce
  39. To achieve this it would be necessary
  40. I neglect my talents
  41. Heaven and earth seem
  42. Grammar resulting language
  43. Her for their projects again
  44. Where it came from it
  45. Then she continued her way
Friday, January 19, 2018
  1. Top Sources of Capital for Business Owners
  2. Revealed: Steps on How to Incorporate Your Business
  3. Secrets of Running a Successful Crowdfunding Campaign
  4. What direction to go If Your Parcel Shipping Is Too Heavy?
  5. B.C. premier’s Plan A in the wake of Site C
  6. Nornickel plans investing 1 trillion rubles in ecology, modernization within five years
  7. Understanding how Financial Instrument Leasing Works
  8. What is So Fascinating About Property Investment?
  9. NCR housing investments risk a collapse, warns Delhi realtor Jagmohan Garg
  10. Top Guide of Ico Ranker
  11. Which cheap and best rank tracker is Right?
  12. DISCOUNT REALTY HOMES FOR SALE ON THE WEB
  13. Importance And Benefits Of Getting Installment Loans Up to $5000
  14. Growing Future Naturopathy Authorities
  15. Before Starting a New Business, Every Start up Needs This Report
  16. I ought to just try
  17. Saw that it was covered
  18. People all the time
  19. He must have tried
  20. He always rolled back
  21. Get into that position
  22. Chooses to enjoy a pleasure
  23. Every pleasure is to be
  24. These matters to this principle
  25. I lie close to the earth
  26. Heaven and earth seem
  27. However a small line
  28. About the blind texts almost
  29. The coast of the Semantics
  30. Supplies it with the necessary
  31. Dragged her into their agency
  32. Had grass morning
  33. Where they abused her
  34. Said could convince her and
  35. Around and return to its own
  36. Replenish itself
  37. Came from it would have been
  38. If several languages coalesce
  39. To achieve this it would be necessary
  40. I neglect my talents
  41. Heaven and earth seem
  42. Grammar resulting language
  43. Her for their projects again
  44. Where it came from it
  45. Then she continued her way

Jagmohan Garg, a leading Delhi-based realtor, believes that the real estate market of National Capital Region (NCR) has been hit hard by the ‘triple tsunami’ of demonetization, new Real Estate Regulatory Law (RERA) and Goods and Services Tax (GST). These moves have also impacted the number of new launches, sales and prices in the real estate sector over the past few months.

A recent study highlighted that the number of new realty project launches fell by 73% between January and June 2017, in comparison to the same period last year. With less than 5,000 new residential units launched during this period, it is said to be the lowest recorded realty launches in the past decade. Also, majority of the units launched cost less than 25 lakh.

Similarly, a 26% fall in realty sales was observed this year in the NCR. As a result, it has the highest number of unsold inventory of residential flats in the country. Mera Baba Group owner Jagmohan Garg adds that this is accompanied by a 20% correction in NCR’s residential property prices over the last 18 months, and the inability of the Uttar Pradesh and Haryana governments to enact provisions of RERA as per the timelines prescribed by the Centre.
The area of Faridabad reportedly took nine years to clear its existing residential projects’ inventory. Though, the past record shows that the overall inventory in the NCR is likely to take over four years to liquidate.

Clearly, the current stagnancy in the NCR’s real estate sector makes it unfavorable for the prospective real estate investors, says Jagmohan Garg. Also, its prices have witnessed lower growth rates than retail inflation. A similar trend of decline in the NCR property prices has been going on from the past three years with no hopes the next quarter, or year being better. The number of office space transactions also saw the lowest pace of activity in four years.
Majorly impacted by demonetization, the NCR’s realty sector is still smarting from the blow. It is said to be far worse than the rest of the country.

Keeping in mind the current scenario, realty expert Jagmohan Garg advices investors to wait for a couple of years in the NCR and look forward to the new projects with full GST benefits to come up.

0 Comments

Leave a Comment