Apartment sales
Property prices in the upmarket residential areas of South Delhi have dropped by 20 per cent. Slowdown in sales is forcing builders to settle for less as they are under pressure to cut inventory. According to analysts, the market is fast becoming a buyers’ market. Of the 368 apartments that have been released into the [...] Continue Reading »
The Mumbai apartments sale in the financial year 2012 dropped by more than 60% from its peak in 2007 and 35% from 2011. The city’s real estate market has stagnated with only 45,000 apartments sold in the Mumbai metropolitan region (MMR) during 2011-12, well below the market average of 80,000 units annually. A report released by Knight Frank research [...] Continue Reading »
The prospective property buyers like much before have no more zeal filled in them to hunt on and acquire properties in India. It is a fact that the rising property rates are paving way for the slow down in interest of property buyers. Now, there is one way where the property buyers can cut down [...] Continue Reading »
Can you just imagine a residential flat costing Rs 1.11 lakh per square feet? This is recorded as the highest deal in India under residential apartment sales. An apartment in Cuffe Parade’s Jolly Maker 1 in Mumbai city at 21st floor fetched Rs 29 crore. However, sometime ago the highest recorded apartment price was Rs [...] Continue Reading »
The year 2011 was filled with sentiments for Indian real estate market. Neither the rental nor the apartment sales did well this year! As the Indian realty is balancing on the demand and supply foundation, the result is not surprising. May it be share equities, hike in interest rates, increase in property prices, high inflation [...] Continue Reading »
