Housing prices
The IT Capital of India Bangalore and the Oxford of the east Pune have witnessed maximum appreciation in the price of properties. Bengaluru has witnessed the maximum appreciation of 41 % in the mid-income housing segment during the last three years, while Pune tops the list with an average increase of 39 % in the [...] Continue Reading »
The present government led by Narendra Modi, is focusing to revive the growth and bring down the interest rate. A recent survey said that the sale in residential properties in going to rise by the end of the year 2014. The low confidence level within consumers in the last year and also in the first [...] Continue Reading »
The recent data that has been published by the National Housing Bank states that Mumbai might be the most expensive city in India, but Chennai has been catching up fast. The index of National Housing Bank for residential property prices states that Chennai has recently experienced a sudden rise of around 249 percent increase in [...] Continue Reading »
According to the Economic Survey 2013-14, housing prices have increased in 24 major cities across the country between 2007 and 2013. The city of Chennai alone reported more than a threefold gain in the rates in those 6 years. As compared to the base year (2007), during the time period 2007-2013, residential property prices saw [...] Continue Reading »
The housing prices have fluctuated a lot in the country in the last decade. The Economic Survey which quoted the residential index (RESIDEX) prepared by the National Housing Bank for 26 major cities have come up with some interesting data. Housing prices have increased in 24 major cities of the country between 2007 and 2013. [...] Continue Reading »
A report says during the period of 2013, the housing prices decreased by an average of 8 percent as compared with the previous year. The reduction of prices is due to political uncertainties. According to the report, Delhi-NCR is the most demanding property location in India. While the present economic conditions and political uncertainty is [...] Continue Reading »
To encourage growth in the real estate sector, Confederation of Real Estate Developers’ Associations of India (CREDAI) has sent a letter to MPs to look into this matter. CREDAI national president , Lalit Kumar Jain requested in this letter to focus more on housing sector which will not involve any cost and problems. Letter also [...] Continue Reading »
Despite the higher interest rates and economic slowdown, housing prices remained firm followed by limited supply, according to a Nomura report. The supply has also been limited for fewer projects in key markets like Mumbai, Delhi and other dues to the government approval delays. A recent report by the Reserve Bank stated that the house prices [...] Continue Reading »
HRBR Layout in North Bangalore has witnessed significant appreciation in residential prices. The layout and its surroundings have developed rapidly in the past couple of years, leading to appreciation in housing prices. HRBR Layout is connected to Hennur Road. The locale has good educational institutions in and around the area. Also, there are several commercial [...] Continue Reading »
National Housing Bank (NHB) has expressed hopes that price correction in housing market is due soon. NHB, the regulator of housing finance companies, has predicted a decline in the real estate prices in the near future. NHB attributes the fall in prices to the large number of empty houses which is due to be sold. [...] Continue Reading »
