Delhi prime residential property values stable while rentals increase
This information was released in a Jones Lang LaSalle report - Asia Pacific Property Digest Second Quarter 2006.
According to the report, the rental values in Prithviraj Road, Greater Kailash and Golf Links witnessed a 20.0% appreciation over 1Q06. With stable property prices and higher rentals, investment yields have gone up from 9.6% in the first quarter to 10.7% in the second quarter.
No new residential project in the Premium segment was launched in 2Q06. However, there has been continued growth in the suburban residential sector, mainly driven by growth of the IT/ITES industry.
Jones Lang LaSalle is a global real estate money management and services firm with operations in 50 countries and more than 100 offices worldwide. The company provides comprehensive integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients.
By INRnews Correspondent
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Comments
information required regading:
1. price values in vasant vihar.
2. rental values in vasant vihar.
3. upcoming projects in vasant vihar
Posted by: anuradha sachdeva | August 17, 2006 10:07 AM