real estate price correction
Mumbai- The Mumbai realty market has just blinked after four years of rigorous high prices midst sluggish sales, crippling liquidity crunch and rising cost of capital. About three popular developers have either cut down their prices by about Rs. 2250 to Rs. 5,000, or have initiated flexible pricing of a single project or have launched innovative schemes to [...] Continue Reading »
National Housing Bank (NHB) has expressed hopes that price correction in housing market is due soon. NHB, the regulator of housing finance companies, has predicted a decline in the real estate prices in the near future. NHB attributes the fall in prices to the large number of empty houses which is due to be sold. [...] Continue Reading »
Sensible economics suggests that if developers can’t sell at high prices, they should cut rates and find buyers. Anecdotal evidence suggests that many builders are selling land holdings to finance loans, rather than cut prices. This too is good, because it will bring more land back into the market, creating further pressure for property prices [...] Continue Reading »
