High property prices
The financial capital of India is still witnessing property transactions under astronomical price tag despite the fact that the country is struggling with high property prices. Lately, there have been reports of the iconic Bhabha bungalow on sale, which can prove to be the costliest affair in the market with the buyers. The property, located [...] Continue Reading »
In 2012, the residential market was disturbed by weak business sentiments, high property prices, high labour cost and relatively higher mortgage rates which resulted in the decline of 30% in 2012 in comparison to a plunge of 7% in 2011, said a real estate consultancy. Real estate developers are really cautious of launching project as the gap [...] Continue Reading »
Mumbai- Growth is expected to continue to be very strong in home loan sector owing to the demand driven by the younger population. Since 50 percent of the Indian population is below 25 years of age and average age of people borrowing loans is 37, in the next 5 to 10 years, there will be [...] Continue Reading »
Over the past five years, housing finance penetration has remained stable in India, reports ICRA Limited, an Indian credit ratings agency. The penetration levels in other developing countries are significantly higher than in India. The report states that the penetration rate increased from 4.5 percent as on March 2004 to 7 percent in March 2007. [...] Continue Reading »
Analysts are of the opinion that housing prices are not likely to fall anytime soon. They blame the domestic as well as foreign investors, including NRIs, for this. High property prices are not even helping developers as they are in debt. The cash generated by selling properties turns out to be much less than what [...] Continue Reading »
According to a report by Fitch Ratings, the real estate sector in India is to face a negative outlook in the second half (H2) of this year. The grim prediction is mainly due to sluggish demand, high construction costs and liquidity pressures. The sluggish demand is not expected to change over few months as RBI’s [...] Continue Reading »
According to a recent report from Prabhudas Lilladher, property sales registrations in Mumbai in the first quarter of the current fiscal were up six per cent on a sequential basis. The report stated that March-May period saw registrations crossing the 5,000-mark. NRI-led demand due to significant weakening of the rupee may have played its part [...] Continue Reading »
Home ownership is the highlight in India! The real estate experts say that there has not been any time where they haven’t witnessed NRI neglecting to invest on land or property down their respective home towns in India. For the NRI’s who have done their investments here in India few years back are today worth [...] Continue Reading »
Realty portals are ruling real estate sector! Wondering how? May it be for painting, designing or constructing house, vaastu advice real estate portals have come up in wide ranges. At the same time there isn’t dearth of customers for all existing thousands of websites. Property buyers are finding it easy to access information about any [...] Continue Reading »
In the era of high property prices, developers are looking for ways for more property sales. Mumbai developers are now shrinking the size of their apartments to make it look inexpensive than the ongoing rates. Even developers in the national capital and NCR region are taking up the same idea. By giving a smaller look [...] Continue Reading »
