Real estate in your market area is affected by influences outside of your own region. For e.g. if you are selling real estate in Gurgaon, the market in Delhi and Noida and other parts of Delhi NCR (National Capital Region) will have an impact on pricing in Gurgaon. Similarly job demand in Delhi NCR causing influx of thousands of people will also affect property prices in not only in Gurgaon, but adjoining Delhi.
Determining the Influence of Other Regional Markets
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