Property Prices
Coming new year is expected to bring new life in the real estate sector against last year’s slump in sales. According to a report, there has been a bit of depreciation in the property prices which is healthy for the realty market. Due to which, there has been a upward demand for the properties. In [...] Continue Reading »
Renting houses is still a risky task in this heating up realty market. Even though the property prices have started declining, selling, buying or renting a property is a risky task indeed! Citizens say that renting out a home in Mumbai is a toughest task, as one can never dream of getting home to one’s [...] Continue Reading »
Housing sector in Bangalore has risen up in the real estate sector after the 2008 slump in real estate sector. Recently in a 5 grade scale, Bangalore has scored 2.8 and got the third spot, Ahmedabad being first with 3.1 followed by Hyderabad with 2.9 score. Generally, all the other cities were badly hit by [...] Continue Reading »
Mumbai developers and builders blame Reserve Bank of India (RBI) for the poor realty sales for the year 2011. Every month there is 12 percent reduction in realty sales, which is a huge loss indeed! However, the realty analysts say that RBI is doing its job and has been neutral by pausing and easing interest [...] 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 »
The impact of fluctuating property prices have left the developers and builders worried! In the same context, the Maharashtra government has sent a request to Union ministry of environment and forests (MoEF) to give nod for green clearance at the earliest. It has been learnt that SEAC and SEIAA are the two major government bodies [...] Continue Reading »
The rupee depreciation in the past six months has gone to 20 percent and likely there are chances of property prices drop down by 20 percent. In the same context the non-resident Indians (NRIs) are in a mad rush to invest in Indian realty sector as the rupee breached the Rs 54-mark against the US [...] Continue Reading »
Many buyers and investors favour Pune compared to other major cities in case of real estate sector. The main reason is due to hike in property prices, rigid government procedure and less demand in other cities. According to a report presented by Liases and Foras, a real estate research firm, there has been a negative [...] 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 »
Early this year real estate sector witnessed a shortage of unskilled labourers. But in the second half of the year, there is a huge unmet demand for skilled professionals in the domain. These professionals include architects, civil engineers, designers and planners. Due to the huge demand-supply gap, the builders are unable to build a good revenue [...] Continue Reading »
