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Real Estate Sales

Real Estate developers worry as sales fall

Real Estate developers worry as sales fall
The launch of new residential projects and absorption of dwelling units that are ready or under construction fell to a two-and-a-half-year low till May. This is the latest month for which data is available. A total number of 22,290 dwelling units were launched between April and May in the seven key Indian real estate markets [...] Continue Reading »

RBI cuts repo rate for third time in 2013

RBI cuts repo rate for third time in 2013
Mumbai: On a move to step up real estate sales, Reserve Bank of India (RBI) has cut Repo Rate for the third time since January by 25 basis points. However, the lowering of the Repo rate by 0.25 percent may no sooner be beneficial to home loan seekers as it is too small to have [...] Continue Reading »

Himachal witnesses drastic fall in property prices

Himachal witnesses drastic fall in property prices
Shimla- The prices of properties in Himachal Pradesh have fell by up to 30 percent in the past year, said real estate experts. A 2 BHK flat in Shimla, Kasauli and Solan towns is now available at approximately Rs 25 lakh, a 3 BHK is available for Rs 35 lakh to Rs 45 lakh and [...] Continue Reading »

Reviving real estate sees increasing pre-launch offers

Reviving real estate sees increasing pre-launch offers
Mumbai- With rising demand and sales of real estate projects, the trend of project pre-launches has been re-entering the prime real estate markets of India like Mumbai, Delhi-NCR and Bangalore. The Maharashtra government has made the way simpler for developers to get regulatory clearances for real estate projects. Following this, the real estate in Mumbai [...] Continue Reading »

Residential realty sees more launches this year: JLL

Residential realty sees more launches this year: JLL
Bangalore- Real estate in India has witnessed more residential project launches in 2012 than in the last year despite slow sales and reduced growth in prices, reveals a new study. Real estate companies launched more residential units between January and September 2012, than in the same period last year, while still struggling with sales and [...] Continue Reading »

Real estate firm Ansal records a decline in sales bookings

Real estate firm Ansal records a decline in sales bookings
Real estate firm Ansal Properties and Infrastructure‘s sales bookings in the first five months of this fiscal have declined by 13 per cent at Rs 1,088.8 crore compared with the year-ago period. The company had sold properties worth Rs 1,250.1 crore in the April-August period last year. The company sold 7.32 million square feet area [...] Continue Reading »

Unitech sales down by 31% in Q1

Unitech sales down by 31% in Q1
Real estate major Unitech Ltd registered decrease in sales by 31 per cent in Q1 as compared to the year-ago period. While the company sold properties worth Rs 701 crore during the first quarter of this fiscal, they had registered a sales booking of Rs 1,020 crore during April-June quarter of last fiscal. Unitech sold [...] Continue Reading »

Is there no end to real estate woes?

Is there no end to real estate woes?
The real estate sector has been lying low due to lesser cash inflow in both the commercial and residential segments, hoping that there will be a change in liquidity levels soon. The macro-economic factors such as high interest rates, high land costs, etc. which have a direct effect on the sector, seem not to improve [...] Continue Reading »

Will Mumbai property prices come down?

Will Mumbai property prices come down?
Real estate market experts feel that property prices may come down, but however, it depends on the holding power of the builders. The real estate sales volume has dropped down in six of the major cities in India. Mumbai Metropolitan Region (MMR) witnessed 50 per cent drop, Gurgaon 45 per cent, Hyderabad 34 per cent, [...] Continue Reading »

Realtors delay new ventures in order to tackle inventory

Realtors delay new ventures in order to tackle inventory
Real estate developers have planned to give rest to the new project launches, instead they prefer to sell the unsold inventory, as this process prevents dropping of price in the declining market. Analysts say developers have realised that launching of new projects could cut down the unsold inventory prices which were launched at higher costs. [...] Continue Reading »



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