Slower price appreciation in residential realty in 2012
New Delhi- The year 2012 unexpectedly saw a slower price appreciation in the residential sector of all the top seven cities in India. However, the average capital of the country was increased to only 1-3 percent.
According to Jones Lang La Salle, the year 2012 was a sluggish year for the economic growth as there were increased interest rates with weak industrial production. Not just this, inflation also contributed to the factor and created an impact on the sentiments and investors choices among all the sectors.
Reports suggest that there were about 1,60,622 residential units which were launched in the 2012 in the top seven cities and 1,54,701 units in 2011. Talking about the pricing of the properties, the residential capital value increased by about 1-3 percent in the year 2012.
However, Pune and NCR-Delhi saw the highest capital value growth followed by Bangalore and Hyderabad having a slower capital rate.
As per Commonfloor’s point of view, the residential realty market will have an upsurge in the near future and there will be a price appreciation in Tier I and Tier II cities.
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Bangalore and Hyderabad, Economic growth, increased interest rates, Inflation, New Delhi, Pune and NCR-Delhi, Residential Sector, slower price appreciation, Tier I and Tier II cities, weak industrial production, Year 2012
