Sunday, 9 March 2014

Why land prices in Gurgaon, Noida may fall

Land prices in Gurgaon and Noida could fall as over 70,000 acre is likely to come in the Delhi market because of DDA's new land pooling policy, property consultant CBRE said on Thursday.
"The land pooling policy will prove to be positive for the National Capital Region (NCR) in the long-term, since land prices in the suburban markets of Gurgaon and Noida would eventually rationalise with fresh supply coming into the Delhi market," CBRE South Asia Chairman and Managing Director Anshuman Magazine said in a statement.
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