Price Correction Makes Delhi Luxury Residential Properties Attractive: HDFC

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Additionally, she said, house prices over the past two years have seen a “price and weather correction” making luxury homes in the capital even more attractive.

Luxury residential properties in the nation’s capital have become attractive due to the correction in prices, a temporary 20% circular interest rate cut and lower interest rates, HDFC MD Renu said on Friday. South Karnad.

Homebuyers are actively looking to purchase prime residential properties, she said.

HDFC Home Loans and India Sotheby’s International Realty are jointly hosting the Delhi Luxury Home Fair 2021, an online real estate fair from March 6 to 21.

The show will showcase luxury properties including move-in homes and new developments in NCR Delhi at a price range of Rs 5 crore to Rs 150 crore.

HDFC always aims to provide customers with the best value and service for home loans. With a 20% circular rate cut in Delhi and mortgage rates at an all time low, home buyers are actively looking to purchase good quality property, ”said Renu Sud Karnad, Managing Director of HDFC Ltd.

Additionally, she said, house prices over the past two years have seen a “price and weather correction” making luxury homes in the capital even more attractive.

“With feelings and confidence returning, this may be the best time to buy a home. With people now embracing technology, even the convenience of buying property using online home loans has improved the efficiency quotient, ”Karnad said.

The selection of properties showcased at Delhi Luxury Home Fair 2021 will include coveted properties from Delhi’s most sought-after markets, Jor Bagh, Vasant Vihar, New Friends Colony, as well as apartments from select luxury projects in Gurgaon and Noida.

Amit Goyal, Chairman and CEO of India Sotheby’s International Realty? said: “Our first real estate show in association with India’s largest mortgage lender HDFC Home Loans in November 2020 was a great success. This prompted us to partner once again with HDFC home loans, to offer exclusive benefits to homebuyers, including NRIs. “

He said the company also provides services such as tax and wealth advice, real estate appraisal and redevelopment, to support rapid closing of transactions and time savings for HNI buyers.

The Delhi government last month slashed residential, commercial and industrial property turnover rates by 20% over the next six months, making it “considerably” cheaper for people to buy real estate in the city. national capital.

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