Property sales
In the last six months the property sales have been very low in Mumbai and lesser project launches as compare to this time last year which indicates a half yearly report by the real estate research firm PropTiger. Although the figures look bleak the reports suggest that in fact it is a good time for [...] Continue Reading »
The data collected by the Director General of Registrations, Mumbai concluded that the registration of property sales in Mumbai is increased by 0.06 percent in February 2014. On the basic of per month data, the registration of properties have decreased by 11.4 percent in February but the numbers are strong in comparison with the 2012 [...] Continue Reading »
New Delhi- Many real estate developers across India have witnessed upward slope of their profit line in the quarter of October-December 2012. There is a significant rise in property sales and customer enquiries for real estate projects in India which has resulted in increasing profits of developers. Real estate analysts observe that the sluggishness of [...] Continue Reading »
New Delhi- Real estate in India, in the present year 2013, seems to have a good start with many new launches, interest rate cuts, and quicker project approvals in progress. Finance minister P Chidambaram identified that many incomplete stalled projects could be resumed construction if supported by financial institutions. Reserve Bank of India (RBI) is [...] 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 »
According to a recent report from Prabhudas Lilladher, property sales registrations in Mumbai in the first quarter of the current fiscal were up six per cent on a sequential basis. The report stated that March-May period saw registrations crossing the 5,000-mark. NRI-led demand due to significant weakening of the rupee may have played its part [...] Continue Reading »
The slowdown in sales of properties in Mumbai has largely hit the luxury segment. According to the real estate consulting firm Knight Frank an estimated 80,000 unsold houses under construction are in the Mumbai Metropolitan Region (MMR). The study reveals that South and Central Mumbai are the worst hit. While there are takers for units [...] Continue Reading »
Owing to the reduced number of property sales, real estate developers of Mumbai are set to build smaller one bedroom flats. Market surveys and customer feedbacks have confirmed that there is a huge demand for 1 BHK flats. Therefore, around 1,000 one bedroom flats are being launched freshly in Mumbai. Hubtown Limited has launched 100 [...] Continue Reading »
Indian real estate has been witnessing a major downturn in property sales which is making the developers to look around for specialized profiles that can handle more work and clear off the inventories. Realtors are planning to hire personnel such as cost managers, technical auditors, legal experts, energy efficiency specialists, quality surveyors, and construction project [...] Continue Reading »
The rupee value has decreased significantly in the recent time, with the recent exchange value recorded as Rs 60 for a dollar. However, falling rupee is a boon on the part of realty of India and NRIs. Builders are getting plethora of enquiries from NRIs to purchase properties. The number of sales of properties in [...] Continue Reading »
