Delhi-NCR witnessed the lowest increase in property prices in last decade: Report

The report also stated that the price growth has gradually stagnated across the country, although Pune witnessed the highest price growth of 67% in the last decade.

The National Capital Region (NCR), including Delhi, Gurugram, Noida, Greater Noida, Faridabad and adjoining areas, witnessed the lowest decadal increase in the price of residential housing at only 19% even though the average increase in property prices in the top seven real estate markets across the country was around 38%, found a report released by real estate consultancy Anarock.

The report also stated that the price growth has gradually stagnated across the country, although Pune witnessed the highest price growth of 67% in the last decade.

Real estate experts in Gurugram also said that barring steep spikes in price of properties between the years 2012 and 2014, the city did not witness any sharp rise in prices of residential housing as demand was low and the delay in project delivery also dampened the confidence of home buyers. Also the tendency of speculative buying and selling of houses as a commodity have also stopped due to exit of investors from the trade, thereby stabilizing the prices, they added.