Realty growth shifts to suburbs from metros
As prices in metros begin to stagnate due to low demand, the suburban areas have seen substantial growth.
Investors are moving to the outskirts for better returns in the recent past.
Mumbai and New Delhi residential real estate prices have stagnated in the past year.
However, as per the reports of 99acres.com, in NCR and Dwarka in Delhi, the prices have risen 64 per cent in the last three years. In suburbs of Mumbai like Mira Road, the hike has been around 50per cent.
Experts expect stagnation in prices in metros to remain in near future and the growth to continuously concentrate in suburban areas.
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Source: Hindustan Times
Delhi, Dwarka, Metros, Mumbai, NCR, New Delhi, Real estate in India, suburban, Suburban areas, suburban Delhi, Suburban Mumbai
