Delhi-NCR property prices down 5%: Note ban, delayed RERA, GST cast gloom

NCR is considered as the largest real estate hub in the country

The National Capital Region (NCR) has witnessed a three- to five-per-cent decline in average per-square-foot property prices over the past one year (July-September 2017 from 2016), a report said on Tuesday.

NCR, considered to be the largest real estate hub in the country, currently has around 200,000 unsold flats, with Greater Noida and Gurgaon accounting for more than half this inventory, a report said on Tuesday. 

According to private research agency, prices are likely to remain stagnant for a few more quarters. 

Reason behind price decrease in NCR

According to private research agency Anarock Property, there are several