OLX Realty Survey


A realty Survey done by OLX  in Delhi NCR. Real estate developers are expect to rise property prices  in Delhi and the National Capital Region (NCR) in the financial year 2018-19, a survey by online trading platform OLX showed on Monday.
"75 per cent of the builders expect the property prices to increase in 2018-19, indicating revival of Delhi-NCR's real estate market," a statement from OLX said here quoting the survey.

The survey was conducted among 200 buiders and property dealers and agents in Delhi, Gurugram, Faridabad,Noida and Ghaziabad, it said.

 The  Realty Survey attributed regarding prices to expectations among builders that regulatory developments will improve transparency in the system, eventually boosting the confidence of buyers and sellers at large. After the GST framed last year and RERA start working.


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Chief Operating Officer of OLX India Irwin Preet Singh Anand said: "The year 2018 could possibly be the year of come back for the real estate as we see significantly higher participation of property buyers. Given the positive sentiment in the market, more and more individual and business sellers are flocking on our platform to benefit from the growing demand," he said.


The report also said that around most of the developers in Delhi-NCR were planning to go ahead with affordable housing projects (priced less than Rs 30 lakh) as part of their portfolio.


"Of the inquiries received by property consultants through online real estate portals, one third were for affordable housing projects," indicating rising demand in the segment, the statement said.

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