The housing demand in Vasundhara Enclave Delhi is falling. Realty experts say that this is common in the Delhi real estate market which is affected by sluggishness.
The sale of housing units in Vasundhara Enclave Delhi is lower compared to the previous months. While the experts say that this is due to the sluggish momentum existing in the market, others say that this is visible mainly in this locality.
Vasundhara Enclave Delhi holds a prime location. The residents of this locality can easily move up and down to many prime sectors in Noida. Moreover the residents have easier access to East Delhi as well.
With all these better connectivity features, the locality is expected to be one of the hot residential locations in the NCR. However it does not become so. Nor it shows any sign of it.
On the other side, home sales in the locality are falling. The builders are finding no takers for their projects.
The presence of a good number of hospitals, elite schools, etc. also does not help Vasundhara Enclave Delhi. There is a Zilla Parishad in the locality. All the more the locality is close to many other residential hubs like Mayur Vihar.
Still why? Property agents of the area say that the market is not up to the expectation. They say that there is no one approaching them for buying any property in the locality.
Sandeep Sharma of Asian Estate, a local real estate agency, said that the property market in the area is really sluggish. However he adds that this is common to all property markets in Delhi.
Anurag Kapoor who runs another real estate agency Kapoor Associates in the area, agrees with the former. While saying that the property market is sluggish, he adds that there is no taker for any properties in the area.
