Price correction
With the introduction of Union Budget 2013, experts have claimed that the incentives will be of no use for home buyers in Mumbai. The real estate incentives are also claimed to create some problems with the buyers as the flats will cost more due to 1% tax on transfer of properties in Mumbai. To make things [...] Continue Reading »
The real estate sector in Mangalore and surrounding areas are booming with the builders announcing more projects, causing a rapid urbanization. In the past few weeks, three projects were launched near Gandhi Park. According to a real estate expert, the growth of the real estate in Mangalore is because of the entry of reputed developers such [...] Continue Reading »
Real estate firms have forecasted that in near future, a correction in housing market can be witnessed. This can be due to drop in property sales in past 12 months. In December, rates of properties for sale in Mumbai was bit less while price growth in other Indian cities slowed. According to property research firm, [...] Continue Reading »
A good news for property buyers in Mumbai! Now, is the correct time to invest in properties in Mumbai as there will be a slight depreciation in prices as per the real estate experts. For the first time in 3-4 years, the average price of residential properties in Mumbai and the Mumbai Metropolitan Region (MMR) [...] Continue Reading »
Hyderabad- Among the seven top metrocities, Delhi-NCR and Pune had the highest growth in the realty capital value during 2012. According to Jones Lang Lasalle, the average growth in the capital value was between 1-3 percent. The rate of capital value growth was slower in cites like Bangalore and Hyderabad and even the price correction [...] Continue Reading »
Sean Tompkins, global chief executive officer of UK-based Royal Institution of Chartered Surveyors (RICS) has said that the foreign investors are thinking twice before investing in the Indian real estate market because it fails to meet the global standards. Between 2006 and 2009 the Indian realty had witnessed around $20 billion in investment of which [...] Continue Reading »
Due to the inventory build-up in certain areas in the city, it was stated by the National Housing Bank (NHB) that there might be certain amount of price correction in the housing sector. The projects which are unsold due to the high price perception will witness price correction simultaneously to the current reduced revision in the housing loans, announced [...] 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 »
The festive season is unlikely to bring cheer to developers as buyers are shying away from properties due to escalating and unrealistic prices. Although developers have tried various means to boost sales – such as offering freebies and discounts, home sales continue to go through a dismal phase. Analysts feel that until prices are corrected, [...] Continue Reading »
Despite a demand contraction of about 15 per cent in the commercial real estate sector, there is little chance that rents of commercial sector will go down. Property consultant Jones Lang La Salle states that Indian real estate prices are unlikely to be corrected. The Indian residential property market has witnessed a definite slowdown in [...] Continue Reading »
