Property Prices In Delhi-NCR To Fall Thanks To Demonetisation

Black Money, Currency Ban, Demonetisation, Note Ban, PM Modi, Corruption, Real Estate, India, Delhi-NCR, Property Prices, Falling Prices
The demonetisation announcement has severely impacted the Delhi-NCR Property market.
  1. Experts say the Delhi-NCR property markets are the worst hit by the government's demonetisation move.
  2. Real estate brokers claim that property prices in certain Delhi-NCR micromarkets have fallen by 25% to 30%.
  3. Luxury and premium housing projects are expected to be the worst affected, with HNIs and investors staying away.

NEW DELHI: The government’s move to demonetize 500 and 1,000 rupee currency notes had taken everybody by surprise. And none more so than the Indian real estate sector and the Delhi-NCR property markets.

Delhi’s property market is a secondary market built around property owners reselling homes that they have obtained from the primary market (i.e. developers). And there is no hiding the fact that almost all transactions that take place here see a part of the property value being paid in cash, which is not reported to the tax authorities.  A practice that has come crashing down thanks to demonetisation and which experts claim will bring down property rates here.

“There is a lot of panic and shock among investors and builders. I see that in next 6-7 months, rates are going to go down. The transactions will be now more close to the circle rates. As of now, the rates have come down by 25% to 30%,” says Tarun Bhatia, vice-president of the National Association of Realtors of India.

This is seen on the ground, with real estate brokers talking about property deals being cancelled or altered due to the government’s decision.  For example, a property in South Delhi that was listed at Rs 3.25 Crore is now being offered at Rs 2.25 Crore, a drastic fall that indicates how over-inflated prices were in this market.

In a report, rating agency Fitch stated that homebuilders in the NCR will continue to face the heat as most sales of the higher-end properties were to high-net worth individuals and investors, two categories of buyers that have been hit badly by the government’s crackdown on black money.

“Homebuilders with greater exposure to large-ticket premium property projects are likely to be the most affected. Furthermore, we expect homebuilders more exposed to projects in the National Capital Region (NCR) to be hit more than in other regions, because NCR is known to have a greater reliance on cash-based transactions” says the Fitch report.

Amit Oberoi, national director of Colliers International claims that the Delhi-NCR property markets are already reeling under low transaction volumes due to circle rates being higher than the market rate. Demonetization will only see demand for real estate here reduce even further.

Edited By Nikhil Narayan Sivadas

3,489 thoughts on “Property Prices In Delhi-NCR To Fall Thanks To Demonetisation

  1. Its all jock . price wont come down due to currency change . U r just making u r mind calm . Latest news Deepika Padukon buy flat for 40 Cr :). If real estate falls in India . BJP is out :)

    1. Type your messa
      Dear Sir /Madam,
      Hello , Are you interested to selling one of your kidney for a good amount of {$800.000USD} in India pls kindly Contact us now on our email: as we are looking for kidney donor, Very urgently who are group B,group A ,O+ve and 0+ve. Interested Donor should contact us now. Best Regards:
      Dr. BLESSED
      Columbia Asia Hospital 
      WhatsApp: +2349075565949

  2. Thanks to BJP, Yes Property Rates has been huge, as Still Brokers and Dealers Looking for the, Black Money, But Wait Guys the Rates are going more down as no one want to invest in such Makt..Thanks 

    1. Deepika padukon buy 40Cr flat . Business man , Actor , Polititions , Doctors have money to buy flats till 2.5 Cr . Only service person facing this problem . 

  3. The only possible outcome is correction of over-infalted rates of property. Already the transactions was low in real estate due to over priced rates but now with demonitization, property will be more affordable and hence mor transactions. In 6-9 months prices will start rising again. I was trying to sell my 2bhk ground flr corner flat in uttam nagar,delhi for 40 lac but now I am ready to accept 25-30 underscore kadian atttherate yahoo dot com (interested parties with white money, invited to contact) 

    1. Pl let us know your telephone number to enable me get in touh with you.  If using Whatsapp, pl state also.  My tel. No. 0041765193319

  4. Looking to buy closeout properties in Nazamuddin and DelhiNRI, will pay in US $ or by Bank check in Indian Rupees. Deepak

    1. Hi , I am associated with Saha Group , we only craft Premium Properties , presently we are having three projects running , AMADEUS in Sector 143 AN ULTRA-LUXURY PROJECT , STARTING FROM 2.4 Cr, Meghdutam ENCURE in Greater Noida West ( Commonly Known as Noida Extention ) Starting from 75 Lacs and Panchvati on Rajpur Road Dehradun starting from 70 lacs , you may contact me @ 9810313906, 9560100043

  5. 15 lacs dor 3br May be Not true as of now…. for property will go because current government will cut all fat….wait for some more time.. we have 3rd class infra ad property is cost very high..

    1. Yes Dear Property rates will fall , in fact its already started falling , but good properties with solid fundamentals will remain firm. High Value Commercials , Banglows and some inflated luxury properties will come down by 30-35%

    1. Dear Rohan,Could you please divulge some details about your floor like:-1. Locality2. Area in Square Yards3. Floor Number4. Construction Age5. Whether Freehold/Leasehold?6. In case of freehold property, the value of registry.7. Whether any PSU bank will be able to finance this purchase?8. Nearest metro station

  6. Wait for this winter session , Benami property Act…….. is waiting to to be inacted . Be ready to purcahse houses on Nilamies .  PM is gong to annouance a schemes like Currency , announce your property or ready to face the situation .

  7. If anyone offers a discount of more than 25% from last month, it is a buy. you will make a minimum of 25% profit within six months.

  8. As almost 90% of the salaried class people  buy the property from the primary market (straight from the builder and NOT through broker) by availing Housing Loan from Banks and other financial instutions, there is no effect of demonetization much , as the transactions are done legally and payments are made either through cheques or demand drafts. Only those people who are doing buying (investment for business) and selling the properties through Secondary Market, where 60:40 ration is done. These people are affected very much and where black money (unaccounted money) is involved. Genuine end users nothing to worry.

  9. This is an fake news. I am searching for an property to buy even now builders are increasing the price.  For them anyway money will come. They are business mans they know how to deal with it. If real estate is down each common man will get affected. One of my builder ready to give  for 1 Crore when before declares it. Now he is asking 1.15c… not ready to reduce. He says after Jan he will get lot of enquiry and closures… 

    1. He will definitily help people as he is doing now. All politicians are same we the comman people will struggle till age we die. #mitron 

  10. The news report suggests that prophesies of this Vedic astrology writer in article " 2017 – an opportune year for India with major worrisome concerns in February- March and August- September"  are trending to come accurate like those for the current year " 2016 – a woeful year for India with slight cheer in the end" published on 18 January 2016 in online magazine The times after 8 November 2016 till about March 2017 could likely be unique in which rich or poor , thief or saint , corrupt or non-corrupt , scamester or non-scamester is focused on three things – treasury , cash and ealth and their management. When housing prices have begun to come down , is it not an opportune time for those who were not able to buy so far? Look forward to more opportune time after about March 2017.

  11. The worst Builders in India are in Delhi NCR  as far as delivery is concerned and most projects are running under delays buyers anyways dont want to burn their money on buying under construction projects

  12. If prices fall due to lack of demand, then the builders will simply stop completing the projects. They will wait till the prices increase. Builders are a well-kint community who will ensure that the prices do not drop, just like OPEC, who control the oil prices. 

  13. Seems NDTV feeling cash crunch and didnt hire anyone to look after "Propery" section.  Three months gone. No updates. Some would mistake this article for current affairs. 

  14. I don't see any price down in property, people are still selling on property on same prices as earlier, and asking 50-60 percent cash in black and remaining amount should be finance from bank. I guess our government helped people to convert black money to white by charging some amount but actual corruption, balck money is still floating in market also don;t know wo ere these people who says property price to be falled more just go for a buy and get update.#comman man still down while rich gets richer #politicians enjoys there royalty # same story no changing India.

  15. Many bigger projects are going on and few people loot on it also. Only few are going on the right path and help the poor people. It's not properly channelised. Check a good consultant at Citadel Propcon

  16. It was a good step by the government, but still prices of a small flat  in NCR are beyond reach of a common man.Govt. affordable Housing scheme is appreciable. Necessary steps are still to be initiated by the present Govt. to provide low cost housing in the key areas to bring down housing prices in reach of a common man.

  17. We are urgently in need of kidney donor in a very good health condition for the sum of $470,000,00 and we will take properly care of the donor doling the whole process, here you can contact us via email address: or phone number-+919677345881 by name Dr Donald Moore.

  18. I am Dr.MORGAN PhD, here with interest on anyone willing
     to buy or sell his/her organ (kidney). Please Note:
     In the internet there are a lot of people with different motives,
     so please be sincere and truthful because we are not kids,
     this is about saving lives of others. Lives are at stake.
     Fraudulent act is not accepted please. 
    Interested persons should email us via
    Contact: +91-9944744865
    WhatsApp: +447480055292

  19. We are urgently in need of kidney donor in a very good health condition for the sum of $420,000,00 and we will take properly care of the donor doling the whole process, here you can contact us via email address: or chat me on whatsApp with this number+919677345881 or call this number+917028313517. by name Dr Donald

  20. This may be the right blog for everyone who is wishes to learn about this topic. You already know much its nearly challenging to argue to you (not too I personally would want…HaHa). You definitely put a whole new spin over a topic thats been revealed for several years. Fantastic stuff, just great!

  21. Size isn’t everything but the European Championship growing to 24 teams is only going to be good news for the big boys. Find out who we’re backing, including a 14/1 shot and a 130/1 acca. Euro 2016 predictions: France worthy favourites, how to win on Spain and top-scorer tips at long odds in our betting guide

  22. Guest    I want to thank an awesome Hospital in the person of Dr. Ashok Sarin who has made my family and i proud in trust and urgency, he bought off
    one of my kidneys for his patient with awesome amount of money in dollars, I came across his email address on the internet as published by one
    Michel and Lopez thanking him and telling the world on how he came to their rescue financially as a result of buying their kidneys without stress, I
    quickly applied via the email and i was given all the attentions I needed by Doctor in less than a week i met all the requirements, and my half
    money was like a dream when it came into my bank account before the transplant, I urge you to contact on Dr Ashok Sarin via WHATSAPP NUMBER :
    +919148549270, Email: (} for your financial awesomeness to come through like mine few months ago. I promised to do this when
    I eventually scale through.

  23. Hello everyone, Kidney donor is urgently needed A+, B+, O+, blood group donors between the age of 20-65. We give you all the entire best attempt, we will give you honest price and best treatment for your transplant as top best medical treatment it will help your future life, kindly contact us for more information:Contact via below information.
    Email: info(AT)
    WhatsApp or Call this no: (917022546148 )Regards
    Dr. Prem Kumar.Hello.

  24. I want to express thanks to the writer for bailing me out of this type of condition. Just after browsing through the the net and seeing opinions which were not powerful, I figured my life was gone. Existing devoid of the strategies to the difficulties you’ve fixed as a result of your short post is a crucial case, as well as ones which could have in a negative way damaged my entire career if I hadn’t encountered the blog. Your actual capability and kindness in maneuvering all the stuff was tremendous. I’m not sure what I would have done if I had not come across such a thing like this. I’m able to at this point relish my future. Thanks for your time very much for the expert and results-oriented guide. I will not think twice to endorse the website to anybody who would like support about this topic.

  25. I precisely desired to appreciate you once more. I’m not certain what I could possibly have made to happen in the absence of those thoughts contributed by you relating to such a concern. It actually was a real frightening circumstance for me, nevertheless looking at a new skilled way you resolved the issue made me to cry over fulfillment. Now i’m happy for this guidance and believe you realize what a powerful job that you’re accomplishing training the mediocre ones using your webblog. Most probably you’ve never come across any of us.

  26. I would like to show my thanks to you for rescuing me from this type of incident. Just after scouting through the the web and seeing suggestions which are not beneficial, I figured my life was well over. Living minus the strategies to the issues you have fixed by means of your guide is a crucial case, and those that might have in a negative way affected my career if I had not come across your blog. That understanding and kindness in playing with every aspect was helpful. I am not sure what I would’ve done if I hadn’t discovered such a subject like this. I’m able to at this point look ahead to my future. Thanks a lot so much for the high quality and sensible guide. I will not think twice to endorse your web site to any person who desires counselling about this topic.

  27. There are certainly quite a lot of details like that to take into consideration. That is a nice level to convey up. I offer the ideas above as basic inspiration but clearly there are questions just like the one you deliver up the place an important factor can be working in sincere good faith. I don?t know if greatest practices have emerged round things like that, however I’m certain that your job is clearly recognized as a good game. Each boys and girls feel the affect of just a moment’s pleasure, for the remainder of their lives.

  28. Does your site have a contact page? I’m having trouble locating it but, I’d like to send you an e-mail. I’ve got some ideas for your blog you might be interested in hearing. Either way, great site and I look forward to seeing it develop over time.

  29. I precisely had to say thanks again. I’m not certain what I could possibly have undertaken in the absence of these techniques documented by you directly on such theme. It actually was a real fearsome issue in my view, nevertheless noticing a new professional mode you handled that forced me to weep for gladness. I will be happy for this help and thus wish you really know what a great job that you are putting in training the others with the aid of your web blog. Probably you’ve never come across all of us.

  30. My wife and i were excited that Jordan managed to finish off his investigation from your precious recommendations he acquired out of the web pages. It’s not at all simplistic just to possibly be making a gift of steps which usually some others have been selling. And we grasp we now have the blog owner to appreciate for this. These illustrations you’ve made, the straightforward site menu, the friendships you will assist to instill – it is mostly overwhelming, and it is helping our son and our family believe that the content is amusing, and that is extremely important. Thank you for all the pieces!

  31. Hello there, simply become aware of your weblog through Google, and found that it’s really informative. I’m going to be careful for brussels. I’ll appreciate if you happen to proceed this in future. A lot of other folks can be benefited out of your writing. Cheers!

  32. Its like you read my mind! You seem to know so much about this, like you wrote the book in it or something. I think that you can do with a few pics to drive the message home a little bit, but instead of that, this is magnificent blog. A fantastic read. I’ll definitely be back.

  33. arjdbzaqgwf,A fascinating discussion is definitely worth comment. I do think that you ought to publish more on this topic, it may not be a taboo mbofwbginw,subject but generally folks don’t talk about such subjects. To the next! All the best!!

  34. ztybjut,Thanks a lot for providing us with this recipe of Cranberry Brisket. I’ve been wanting to make this for a long time but I couldn’t find the right recipe. Thanks to your help here, I can now make this dish easily.

  35. Need a Debt Loan To Pay Off Bills?
    Take control of your debt today
    Available Now Business Expansion Loan Offer?
    Do you need a loan to pay off Bills?
    Do you need a loan?
    Do you need Personal Loan?
    Business Expansion Loan?
    Business Start-up, Education,
    Debt Consolidation Loan
    Hard Money Loans
    Loan for any thing ?
    We offer loan at low interest rate of 3%
    Loan with no credit check,
    Email us:
    Whats App +91-9818603391

  36. paiyycayd,Very informative useful, infect very precise and to the point. I’m a student a Business Education and surfing things on Google and found your website and found it very informative.

  37. Boeing also formed a four-member board committee to review its practices in repairing MAX models and other development projects. These include the 777X long-range jet scheduled for the first flight this year, which will be delivered as early as 2020; and a new mid-size jet to be launched next year.

  38. Concepts and Mephisto are booting up the excitement once again with an homage to that blip in sneaker history. This limited edition collaboration – their second overall – is in no way associated with the tech giant, but there are some very obvious nods in the rainbow-colored emblems on the tongue as well as on the stripe logo on the upper. And while not an exact replica of the Apple shoe.

  39. Dalio pointed out that the gap between rich and poor has reached the highest level since the end of the 1930s, and now the wealthiest 1% of the population has more than the wealth of the bottom 90% of the population. So who is responsible for this dilemma? Dalio thinks that it should not be “evil rich” or “lazy poor”, but should be the capitalist system itself. Dalio pointed out.

  40. Taylor Swift is back with a new era in full force. In a pastel paradise that’s perfect for spring and highlights the glowing positivity from her latest release, the queen is here to take over once again.

  41. I keep on hearing the news broadcast discuss getting free online grant programs so I’ve been searching around for that top website to get one. Would you advise me personally please, where might i find a few?

  42. This web site is really a walk-by way of for the entire data you needed about this and didn抰 know who to ask. Glimpse right here, and you抣l positively uncover it.

  43. I used to be more than happy to seek out this internet-site.I needed to thanks for your time for this wonderful learn!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.

  44. I just wanted to write down a note to say thanks to you for these superb ideas you are showing on this site. My particularly long internet look up has at the end of the day been recognized with brilliant facts and techniques to go over with my family. I ‘d admit that most of us readers are extremely endowed to dwell in a wonderful community with many wonderful professionals with great methods. I feel rather privileged to have discovered the web page and look forward to really more cool times reading here. Thanks a lot once again for everything.

  45. I precisely needed to appreciate you once more. I am not sure the things that I would’ve tried without the smart ideas contributed by you about my area. It had become a real intimidating scenario for me, but coming across your expert mode you managed the issue forced me to weep for happiness. Now i am happier for the work and as well , believe you comprehend what an amazing job that you are doing instructing men and women via your websites. I know that you have never met all of us.

  46. Hey There. I found your weblog using msn. That is a very smartly written article. I will make sure to bookmark it and return to learn extra of your useful info. Thanks for the post. I’ll definitely comeback.

  47. I must voice my passion for your kindness in support of people that really need help with the concept. Your very own dedication to getting the solution along appeared to be astonishingly beneficial and has regularly made those much like me to attain their endeavors. Your new helpful tips and hints can mean so much to me and extremely more to my mates. Thanks a ton; from each one of us.

  48. I want to thank an awesome medical Doctor in the person of Dr Anthony Gomina, who has made my family proud in trust and urgency, he bought off one of
    my kidneys for his patient with awesome amount of money in dollars, after many doctors have scammed me, i came across his email address on the internet as
    published by one Dr Anthony patient, thanking him and telling the world on how he came to their rescue financially as a result of buying their kidneys without stress, i quickly applied via the email and in less than a week i met all the requirements, and my half money was like a dream when it came into my bank account before the transplant.
    I urge you to contact Doctor Anthony Gomina for your financial awesomeness to come through like mine few months ago. I promised to do this when i eventually scale through and email.
    You can contact Dr.Anthony Gomina
    Telephone Whatsapp no: +917353349675.
    I am Cheng, from Singapore.

  49. I am commenting to make you know of the brilliant discovery my girl had visiting the blog. She even learned too many things, including how it is like to possess a very effective teaching character to make most people very easily completely grasp chosen complicated subject areas. You truly did more than readers’ desires. Thanks for delivering the insightful, healthy, explanatory and even unique tips about your topic to Tanya.

  50. I’m commenting to make you know of the incredible discovery my cousin’s child went through browsing your web site. She noticed a wide variety of issues, which include what it’s like to have an awesome teaching style to let other individuals without difficulty fully understand a variety of specialized topics. You really surpassed our desires. Thanks for providing such essential, safe, edifying and as well as unique tips on that topic to Mary.

  51. I precisely wanted to say thanks all over again. I do not know what I would’ve implemented without the entire basics shared by you regarding my situation. It previously was a very frightening circumstance in my position, however , taking a look at a skilled form you dealt with it took me to weep over gladness. I’m grateful for the advice and as well , believe you find out what a great job you are carrying out educating the mediocre ones through the use of your site. I know that you’ve never met all of us.

  52. I am commenting to let you understand what a remarkable experience my cousin’s girl encountered using your site. She came to understand a wide variety of issues, not to mention how it is like to have a wonderful helping style to have the rest without problems fully understand several very confusing matters. You really surpassed our own expectations. I appreciate you for rendering the great, healthy, educational and even easy tips on your topic to Janet.

  53. We are in urgent need of a kidney donor for a good amount of 12Cr (Advance money 6cr) in India, Interested person kindly Contact us now..
    DR David Jamie
    Whats App: +918971165321
    We are in urgent need of a kidney donor for a good amount of 12Cr (Advance money 6cr) in India, Interested person kindly Contact us now..
    DR David Jamie
    Whats App: +918971165321
    We are in urgent need of a kidney donor for a good amount of 12Cr (Advance money 6cr) in India, Interested person kindly Contact us now..
    DR David Jamie
    Whats App: +918971165321
    We are in urgent need of a kidney donor for a good amount of 12Cr (Advance money 6cr) in India, Interested person kindly Contact us now..
    DR David Jamie
    Whats App: +918971165321

  54. After looking into a number of the blog posts on your website, I seriously like your way of blogging. I added it to my bookmark site list and will be checking back in the near future. Please visit my web site as well and let me know how you feel.

  55. Welcome to Apollo Hospital, Specialist hospital that buy kidney.
    Do you wish to sell your kidney in exchange of money? If yes.
    Then contact today to get a reliable and good transaction.
    Contact via below information Immediately
    WhatsApp number: +918122208392
    Call Number +6285692408306 

  56. viagra over the counter belongs to a gathering of medicines that delay the enzymes (proteins in your body) from working too quickly. The penis is undivided of the areas where these enzymes work. You can ukase according to your needs, or as prescribed next to your doctor. You can gather up a weighty million of prices on the side of affordable family health insurance plans when you evaluate to request online, but here you always can upon the best prices.

  57. There is interminable sort of prices pro canadian online pharmacy available. You can select how much you lack, all sizes and quantities are in full parentage 24/7. But the lowest Prices are accessible here. The rank of medicines that you intention go by is extraordinarily transcend class. All beat of the trade, from cap of the band makers. You can pattern drs in my area from anywhere, it liking be ever after as easy as pie as 1-2-3.

  58. There are certainly loads of details like that to take into consideration. That could be a great level to deliver up. I provide the thoughts above as general inspiration however clearly there are questions just like the one you carry up where an important factor can be working in honest good faith. I don?t know if best practices have emerged around issues like that, but I’m positive that your job is clearly recognized as a fair game. Each girls and boys feel the impression of only a moment’s pleasure, for the rest of their lives.

  59. (NBC) – Now frustrate’s organize a look on its crucial viagra without a doctor prescription side effects. Erection of penis instead of more than 4 hours is really the grounds of worry. Seek medical relieve without halt in this case. Do not stroke watchful, else your penis may damage permanently. Chest despair, irregular heartbeat, tumescence of throat or utterance, shortness of whiff, middle eat, strokes, high blood pressure, and so on are also pensive side effects and need sharp medicine net app medical checkup. September 23, 2017 8:34