Price correction
If we carefully look back at the Chennai real estate growth over the year 2011 the sales of residential sector was all dependent on the IT/ITES sectors. The stability in IT sector has boomed the residential realty sales! With the job security in the sector and people transferring form place to place, the demand for [...] Continue Reading »
The demand for commercial spaces in Mumbai city has dropped down! The real estate analysts have predicted 15 per cent drop in demand based on rising interest rates and global crisis. Also, one of the reports by global property advisors DTZ say that the demand for office spaces in the commercial realty sector during the [...] Continue Reading »
This news comes in as an hurricane! Finally the developers have started cutting down the property rates. This was the royal time all the prospective buyers were waiting for! Unbelievable property rates in Mumbai have come down by 10 to 30 percent. Just to survive in this sluggish real estate market, the city developers are [...] Continue Reading »
Today foreign direct investments (FDI) has increased the value of land which is resulting in the properties being un-affordable. In a city like Mumbai, if at all there is real estate talks happening, its all about price correction in the properties. Despite poor sales and falling property registration numbers, there is no idea as to [...] Continue Reading »
Prices of new residential property could fall 10-15% by Diwali. But leading builders say supply has to increase for prices to come down. The RBI’s rate tightening has resulted in developers not having funds to complete projects, and hence the supply will remain in check while demand is still intact. A 10% price correction is [...] Continue Reading »
