property market
Knight Frank Research, a property consultancy firm, analyzed residential market comprising projects with a sales potential of above Rs 30 crore in Mumbai Metropolitan Region. Their analysis shows that Mumbai real estate market for high-end homes has stagnated during financial year 2012. Absorption numbers for high-end homes in 2011-12 are estimated to have dropped by [...] Continue Reading »
Mumbai’s residential home sales recovered from a three-year low in the quarter ended in March. This increment in sales happened as several new projects in Mumbai were launched during the period. Now a days, Mumbai is India’s most expensive property market. Still the number of unsold apartments are much higher in Mumbai real estate market. [...] Continue Reading »
The real estate market in Mumbai has been affected badly during the slowdown. But in the first three months the sale of apartments has gained momentum in Mumbai real estate market. The registration department has recorded a 37% increase in the sale of residential apartments in the month of March. The rental properties also see [...] Continue Reading »
The Reserve Bank of India reduced the repo rate by 50 bps to 8%. With this decision the loans are likely to get cheaper. After 13 consequent increases since 2010, the RBI has finally reduced the Repo Rate for the first time. According to RBI governor, the liquidity conditions are moving towards normal after several [...] Continue Reading »
It is observed that the completion of many residential projects in Mumbai are delaying now a days. Analysts says that the delay is due to the reduction in the sales in the property market. It is reported that more than 65% of the projects are being delayed in a range of six months to three [...] Continue Reading »
There would not be an element of surprise if there is any hike in property prices in future. Come New Year and there might be an upward trend in property prices due to stamp duty! Mumbai Revenue Minister stated that there might be a rise in ready reckoner rates by 20-30% which in result will [...] Continue Reading »
In Bangalore, the residential property market has dropped down drastically in concern with the hike in property prices and rising interest rates. Even with the end of year 2011, Bangalore city has around 31,208 units and Bellary has 19 percent of unsold housing units as per the Jones Lang LaSalle’s real estate intelligence service report. [...] Continue Reading »
Good deals in property market in Bangalore are emerging amidst certain segments. The developers are offering cash discounts where in some of the developers have been introducing free wardrobe and kitchen formula. However, Puravankara Projects have now introduced a new scheme for the property buyers. This Puravankara Scheme takes away a huge worry that property [...] Continue Reading »
Housing prices could fall by up to 20 per cent in Mumbai and Delhi-NCR sooner than expected if RBI raises key rates in its upcoming monetary policy review, says a report by property consultant Jones Lang LaSalle . It is widely expected that the apex bank would increase the key policy rates by up to [...] Continue Reading »
