Builders to focus on delivery

Q: I heard that real estate builders has put an hold on the new launches. Anyone in this forum has any idea about it?

Kunal,

15th June 2014

Real estate News in Bangalore

new launches in banglalore

mumbai real estate market

ncr real estate market

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Replies (4)

I feel if the new government at the center speed up the approval process, then there could be some relaxation in the coming months. More over now-a days home buyers want to construction on the ground before putting their money

Diwakar Shetty,

15th June 2014

Comment

A Mumbai based developer, could not remember the name is re launching their two projects which is stuck for two years without necessary approvals. The price of the apartment offered by this builder usually ranges from Rs 1.5 crores, was affected by the stagnant pace of project approvals as well as the over all slowdown in the luxury property market.

Amarnath, Bangalore

15th June 2014

Comment

According to recent survey, due to lack of buyers interest, sales slowed in the investor driven NCR market. There is a demand for flats costing Rs 3000 to Rs 3500 per sqft but there are not many projects available in this price range and moreover the demand for premium projects are very poor.

Diwakar Shetty,

15th June 2014

Comment

Hi Kunal, Builders are sitting on the heap of unsold inventories and it will take not less than three years to find buyers for those homes for which builders freezes new launches and focusing on completed projects to generate cash flow.

Diwakar Shetty,

15th June 2014

Comment

Absolutely right @Diwakar, developers in National Capital Region are worried about the over supply of homes offering greater choice to potential buyers while high price dampen sales in the Mumbai metropolitan region.

Bangalore real estate market and Chennai real estate market seen stable demand in 2013-14.

Lekshmi,

15th June 2014