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Home > Forum > Mumbai > Real estate News > Slow sales dampens the real estate in Q3

Slow sales dampens the real estate in Q3

Q: The real estate market wore a gloomy outlook as sales were down by weak Q3.

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Yes Mr Kishore,
The real estate market indeed saw a slump for quarter ending 2013 with registering low sales for residential as well as commercial units. Infact it was Oberoi Realty which witnessed a sharp decline of 5% in revenue compared to Shobha and Godrej.
Abhijit Thanki


Hi Abhi,

You are absolutely right!!!. Factors like regulatory delays, high priced inventory and slow demand has caused huge impact on sales. While Shobha Developers has revised its FY 14 forecast downwards, Oberoi was cautious on near term prospects. While Godrej is confident on sales being picking up and expects for best of launches.
Arup rajan,  Mumbai
4th February 2014


2

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