Gurgaon, Haryana -- (SBWIRE) -- 07/03/2011 -- According to an industry report, in the year 2010-11, real estate prices of various places in the National Territory of Delhi skyrocketed to an enormous 20 to 27 percent during the first quarter of current fiscal year as compared to the corresponding period of the year 2010-2011. Places especially Sarita Vihar and Rohini in Delhi have seen an escalation in real estate prices as high as 27 percent as compared to 20 percent for many other places in West and South Delhi. Moreover, the prices are estimated to keep rising at an average rate of 15 percent with the passing time.

Today, Indian economy is the fastest growing economy in the world surpassing China, Japan, and United States. The Indian economy is growing in a positive direction and seeming to continue doing that. It’s the same reason industrial output, exports and GDP are rising each year and so are interest rates. Rising interest rates may make buyers cautious in their purchase decisions.

The Reserve Bank, for the tenth time since March, 2010, raised the repo rate by 25 basis points to 7.5 per cent and the reverse repo rate by a similar margin to 6.5 per cent. Prices in other cities in India are but still much more stable than in Delhi and near capital region. Nobody expects real estate prices to go but up.

About Realty Gurgaon
Realty Gurgaon is a real estate concern dealing primarily in Sale, Purchase, Leasing of Commercial, Industrial, Residential properties throughout metropolitan cities of India in General and National Capital Region of Territory of Delhi in particular.

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