Mumbai is no more the king of India's real estate market.

Q: Yes, it is true. As per new research the southern Indian city is now the countrys leading real estate destination

Vinay Dixit, Mumbai

18th May 2015

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Replies (7)

Yes, Off course, Bangalore with its IT hub enabling the real estate and some real estate builders like PURAVANKARA , and some other real estate builders made it very easy for the real estate improving wider in the Bangalore region, that is why real estate in Bangalore tops the best of the remaining cities....

dilsha, Chennai

18th May 2015

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visit : http://www.puravankara.com/

dilsha, Chennai

18th May 2015

Yes and its true

wazir anipura, Gurgaon

18th May 2015

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Yes and its true

wazir anipura, Gurgaon

18th May 2015

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Hi all,
What is the reason of Mumbai's down fall?

pradyumanapte, Mumbai

18th May 2015

Comment

Good morning Pradyuman,
Mumbai has the same old reason, The cost of land in the Mumbai Metropolitan Region is the highest in India which makes the residential and commercial projects unaffordable. Whereas the buyers sitting on the sidelines waiting for the further price correction before they make their final buying decision.

Sunil Joshi, Mumbai

18th May 2015

Thanks Sunil for the updates,
If we look towards western region which consists of Mumbai, Navi Mumbai, Thane, Pune and Ahmedabad accounts for more than 45% of the total 760000 unsold stock in the 14 cities.

pradyumanapte, Mumbai

18th May 2015

Hey Sunil,
Are you Research Analyst? What was the reason that Bengaluru hit the top list? Did Bengaluru's information technology play a major role in it?

Indrajit Kaul, Bangalore

18th May 2015

Comment

Hi Indraji,
The first and the major reason was its professionalism. On the supply side, developers in the city launched smaller projects, are well capitalised, and are not fully dependent on cash flow from sales to fund projects. On the demand side, buyers do not lose confidence because they pay for completed projects.

Murali Krishnan, Bangalore

18th May 2015

The other reason were, the city's emergence as India's leading information technology hub has enabled demand for real estate.
In 2014, Bengaluru singly saw 50% more completed projects compared to 2013. And with almost 500 new projects in 2014, Bengaluru accounted for 20% of the total number of new projects launched in India's top 14 cities.

Sunil Joshi, Mumbai

18th May 2015

But one thing is notable that Delhi's suburbs which gave excellent returns between 2009-2012, are in the riskiest markets, buyers often get victimize by builders. And there are several reasons, including a huge mismatch in demand and supply.

Murali Krishnan, Bangalore

18th May 2015

Hi Sunil,
How did they come to this conclusion? Which city has shown the worst performance in comparison to rest of the cities?

Kaushik Bardia,

18th May 2015

Comment

Good question Kaushik,
The lists are based on cost, sale and delivery of 21000 projects across 14 cities. Delhi was excluded because its supply of new homes has been both irregular and insignificant. Mumbai, which was ranked the most attractive market in 2009, saw a fall of 7th mark, and now stands 8th. And Delhi's suburbs Gurgaon, Noida, Ghaziabad, Greater Noida and Faridabad are continue the worst for investing in new houses.

Sunil Joshi, Mumbai

18th May 2015

Thanks Sunil,
Can you provide us now-and -then comparison? Is this comparison help us in any manner?

Kaushik Bardia,

18th May 2015

Okey Kaushik,
Now-and-then comparison:
City Rank in 2015 Rank in 2009
Bengaluru 1 6
Pune 2 2
Chennai 3 5
Hyderabad 4 10
Ahmedabad 5 8
Thane 6 3
Kolkata 7 9
Mumbai 8 1
Navi Mumbai 9 12
Gurgaon 10 7
Noida 11 4
Ghaziabad 12 11
Greater Noida 13 13
Faridabad 14 14

Yes, it will really help people to choose their property in the right place.

Sunil Joshi, Mumbai

18th May 2015

Hey Vinay,
Do you know that in 2009, five cities were ahead of Bengaluru on the list of India's top real estate market. A survey has found that the southern Indian City is now the country's leading real estate destination, besting Mumbai, Pune, Noida, Thane and chennai, which were ahead of it six years ago.

Sunil Joshi, Mumbai

18th May 2015

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