99acres.com Insite is a quarterly report focusing on capital and rental price trends in residential real estate market across seven major cities of India. According to the report, property prices in Delhi NCR region witnessed a growth of three per cent in Oct-Dec 2014 as compared to Jul-Sep 2014.
On the other hand, an annual comparison (Oct-Dec 2014 against Jul-Sep 2014) reflects five per cent rise in prices per sq ft. Rentals have witnessed an average increase of six per cent in the Oct-Dec quarter compared to the Jul-Sep quarter in 2014. Builder floors continued to be the most supplied property type in Delhi in this quarter as well.
Narasimha Jayakumar, chief business officer 99acres.com, said, ''With new governance at the Centre and impending elections in the state, Delhi NCR realty market is showing some signs of improvement after a sluggish patch of two years. Number of queries have considerably increased, however, the transaction volumes are still low.''