Returns in Gurgaon will keep pace with inflation, Rupee depreciation and stock market returns from now on.
If inflation remains muted, if stock market stops moving up or goes down and Rupee remains strong in next 2 years, expect stagnant prices with no appreciation.
In the long term, expect 15-20% annualised returns in Gurgaon property. I have no dout that property in good locations will outpace stock and FD returns by a comfortable margin.
As for Delhi, DDA flat rate is 10,000 psf. Builder floor is depending on location, nothing less than 10,000 psf in good location.
And anybody selling land for <3L psy is a fool - or cheating you with unclear title
Thursday, September 30, 2010
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