property price
Non-resident Keralites (NRK) are fuelling Kochi house prices by 30 percent, said P S N Rao, chairman of National Association of Realtors-India (NAR-India), the national federation of associations of real estate agents in 25 cities of the country. Rao based his observation on the data collected through the network of Kerala Realtors Association (KRA) members [...] Continue Reading »
The demand for 1bhk and 2bhk flats increased by 70 percent in Chakan. The demand for residential apartments is growing up by 25 percent every year and it is expected to expand by 35 percent after the completion of the Chakan Airport. Prithviraj Chavan, Chief Minister, said that the land for the international airport at [...] Continue Reading »
The residential market demand is increasing in India because of the availability of good educational facilities. The heavy student population is definitely going to increase the demand for residential spaces as educational institutions lend value to a location. Pune is known as the knowledge hub as it provides quality educational institutions. Many other educational institutions [...] Continue Reading »
The Confederation of Real Estate Developers Association of India (CREDAI) supporting the suggestion of Finance Minister P Chidambaram’s has asked to reduce the property prices of housing stock to its members of Punjab. The members who are against the move said that developers are already selling these inventories at low prices. However developers explained this by stating the [...] 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 »
Despite the downfall in affordability, the Indian home loan market is expected to grow by 17-19 percent in the current fiscal year, according to credit rating agency IRCA. Lower home loan rates, attractive schemes, etc. fuel the home loan market growth in 2012-2013, said IRCA. Because of the high cost of properties in India, tough operating [...] Continue Reading »
It is found that many developers in National Capital Region (NCR) and Mumbai have cut down property prices by around 15 percent, as demand and rent more or less remains the same. However, in a few parts of Mumbai, there was nearly 0. 8% improvement in rent, signifying some demand. Due to weak demand, a [...] Continue Reading »
Ballygunge has witnessed a strong demand for residential property which in turn pushes the funding prices. The area has well-developed commercial infrastructure as well as uncomplicated connectivity to any section of Kolkata. The modern projects unveiled furthermore boost require as well as go up within prices. Ballygunge is known as one of the prime localities [...] Continue Reading »
It has been found that there is a downfall in the rental value mainly in the metro cities, however, the price of the property remains constant. Rental values have reduced to one percent in the Mumbai Metropolitan Region and the National Capital Region (NCR) which was 3-5 percent in 2010 and 2-3 percent in 2011. [...] Continue Reading »
Delhi/NCR- Most home buyers are quite baffled whether to buy or rent a home in a metro city. However, the increased costs of the property in prime areas along with the suburbs have made housing a difficult option in metropolitan cities especially for the middle income class. According to various analysis based on rental and property values [...] Continue Reading »
