Indian real estate review by JLL
In terms of real estate, 2012 was a dull year because of poor industrial production and high interest rates, according to Jones lang LaSalle.
In 2012, 1,60, 622 residential units launched and at the same period in 2011, 1,54,701 units were launched.
The year-on-year rise in average residential capital value in 2012 was in the range of 1-3 percent.
Among the top seven cities in India, the capital value growth in Hyderabad and Bangalore has seen a downfall where as, Pune and Delhi witnessed the highest capital value growth.
The real estate sector has shown some improvements during the festival season, but however, the developers are still struggling with the mounting inventory and are trying to sell off unsold stock.
As per the review, the infrastructure deficit is the one main reason for the sluggish residential market all over India.
Commonfloor’s take: Due to the mounting inventory, we can be hopeful that realtors will sell off unsold stock at lower prices.
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Bangalore, Capital value, Delhi, Economic growth, High rate of interest, Hyderabad, Jones Lang LaSalle, Pune, Real estate in India, Real-estate market, Residential market, Residential units, unsold stock
