Pertaining to the rising rate of interest and increasing rate of borrowers in terms of home buyers in Delhi, the figures have really gone up in the past few years.

Rising rates of home loan have somehow weakened the responses of customers and even affected the sale of real estate in Delhi. the year 2018 was bad, 2019 does not look good either. The scale on which prices are rising have led to a drop in transactions drastically. Take Dwarka for an example, here the prices have been on an all-time high for the last five years but merely a few transactions have been seen in the recent past.

Real estate builders in Delhi however are not really wary of the current situation. In fact, they expect the buyers to be patient. According to them, the buyers must wait before they invest in a property in Delhi till the next festive season. Industry experts as well as developers feel that around the festive season there will be a major price correction.

For some buyers, however, the festive season has already begun with DDA likely to allot more than 5000 apartments divided into one, two and three bedrooms across Delhi over the next few months. While the DDA allotment scheme is a sheer luck as to who will get hold of the house, this could be probably one of the best possible chances to buy an affordable house in Delhi. what makes it even better is the availability of dda home loan in Delhi-NCR.

On the other hand, as Delhi remains to be a popular destination of expats, you cannot really expect the prices to go down in reality. This is specifically true for central and southern parts of Delhi residential properties as they are considered evergreen. This is what makes the DDA allotment scheme an even more lucrative options as it is a big respite for those who are searching for a house in these parts of the capital city. The scheme is also expected to bring in more transactions as well.

While the scheme could bring in a tough competition to private real estate developers in Delhi, the buyers may rejoice if they get lucky.

INRCredit is a financing institution providing affordable loans for DDA houses in Delhi as well as other loan products like loan against property and home loan without itr etc.

Source: https://www.freeprnow.com/pr/dda-housing-allotment-scheme