Buying A Commercial Property in Delhi NCR: Is This the Right Time?

There is a significant amount of pent up demand for housing across India. But, a house seems like a luxury thanks to property rates that don’t look to be cooling off at all. And on the other side, home loan rates are also raising making buying a commercial property for sale in Delhi NCR. According to Imperia Structures Ltd, “Every 0.5% hike in rates dampens demand by 7%.”

Commercial property in Delhi NCR

So is this the best time to buying commercial property in Delhi NCR? Onyx.imperiastructures.com in Delhi NCR spoke to experts and the general consensus appears to be that loan rates are going up just yet, and commercial property prices, if they have to correct, will do so in the next two to three months. Here’s a complete lowdown.

In fact, according to a recent Reset study, sales are continuously declining and with every new launch inventory is increasing. The prices are at the peak and retarding sales are an indication that market is not absorbing this price rise. Service tax and costlier home loans have also added to the customers woes.

Price can only go up to the extent a buyer can afford. The gap between buyer’s affordability and realty cost needs to be narrowed. Price correction to the extent of 30% within two to three months seems to be imminent to bring the market to an efficient level. Right now it is a kind of another asset bubble in making.

Onyx Imperia Structures Limited, which has a major portfolio of work in the Delhi and NCR region, Noida, Greater Noida, Gurgaon and Faridabad, has a wide experience in retail commercial projects as well as commercial projects Delhi. As an independent developer, it plans to utilize its huge land for Commercial property in knowledge park 5.