Delhi-NCR: Housing Sales is down by 40% in the year 2018

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Delhi-NCR: Housing Sales is down by 40% in the year 2018

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Let’s face it, in the modern age world despite much technology and improvements, people are still struggling. The prices are going up and people are fighting for their daily lives. Well, let us shift this scene a bit and move down to real estates. Yes, the sales of real estate are down if we consider Delhi-NCR region. It is down to 40% which is inevitably a significant loss to the project builders.

Observation on the sudden downfall

After a series of clear observation and finding the latest marketing trends, one thing is quite clear. It was seen that the year 2013 and 2014 were the years when the real estate things were much pleasant. At that time, housing was in bloom and people had enough money to suffice their daily needs.

However, at the end of 2014, the real estate market went disrupting all of a sudden. There was an inclusion of GST by 2016 and what the people saw was an absolute disaster.

Right down in the year 2015 & and 2016, there was a significant loss in the sales of Real Estate property. On an average, just 2.7 lakh units were sold on an annual basis. However, in the year 2017, the housing sales came to a level of 2, 02,800 units. Such thing truly defines the loss in the real estate sector.

Hence, if you are the one who is hunting for your property at such time, you may get the best deal. Now, since the sale is down, you can get some fantastic Property in Delhi NCR without any doubt. Still, you will need to do some bit of research on the available properties. After coming to a conclusion point, you can decide on a particular property, can buy and live with whole peace and comfort.

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