When will Indian Real Estate Market rise up?

Q: It is very disappointing that there is no sign of recovery in the residential real estate market in India.

Amreesh Murugan,

29th July 2015

Real estate News in Delhi

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Replies (12)

Guys,
On year-on-year and quarter-on-quarter premise, cities like NCR, Chennai, Pune, Bengaluru, the Mumbai Metropolitan Area as well as Hyderabad stayed stable. Now a days unsold inventory is becoming a bad nightmare for builders. Huge stock of unsold units ,attracting all attention of builder. So new projects are hardly coming.

Pranab Malakar,

7th August 2015

Comment

Hey Guys,
According to different sources, home deals in the main 8 cities of India dropped 4% in the quarter to June throughout the year-prior quarter while unsold stock increased a huge 18% amid the quarter. Kindly discuss.

Deep Thakur, Delhi-NCR

7th August 2015

Comment

Hi Deep,
As per the current news, on a year-on-year premise, home deals dropped 14% in the National Capital Region (NCR) while they rise up 9% in Mumbai. Hyderabad came out as the top entertainer with 36% year-on-year hike in property deals, trailed by Pune, which additionally saw a 9% ascent in deals like Mumbai.

Pranab Malakar,

7th August 2015

As per sources, property deals were down 14% in Ahmedabad, 10% in Chennai, 12% in Kolkata as well as 8% in Bengaluru. On a quarter-on-quarter premise, then again, deals in the NCR region were up 14%. Property sales in Chennai were up 22% while deals in Ahmedabad increased 36%. Deals in Mumbai were dropped 2% while property sales in Bengaluru were dropped 4%.

Dhiraj,

7th August 2015

Hey Deep,
According to news, on a year-on-year premise, property costs in the NCR dropped 2%, Bengaluru as well as Chennai dropped 1.3%, at the same time in Mumbai property prices dropped 1%. Property costs in Pune increased 8.9% took after by 7.7% ascent in Hyderabad.

Santosh TR,

7th August 2015

there is great investment opportunity waiting just grab it?

bhuvnesh, Apartment Resident, Gurgaon

6th August 2015

Comment

Hello Everyone, L Zone in Delhi stands at the same grounds where Dwarka started some 10 years back, when people used to buy 2bhk in 9L, 15 L for 3 bhk and 22 L for 4 bhk... Right now the prices in L zone are at ground level, people who will invest in Lzone right now will get great benifits... There are many developers who are coming up in L for honest advice .

bhuvnesh, Apartment Resident, Gurgaon

6th August 2015

Comment

HI @@
Before investing you should check following things
1-Registry of land parcels,and got verified in authority.
2-Location of land parcels as it would decide site for your project.
2-Background of promoters and delivered projects,,
For honest advise please .

bhuvnesh, Apartment Resident, Gurgaon

6th August 2015

Comment

Hi,
before investing in L zone you should keep following things in mind
1-Check the land parcel and got verified with authority person,
2-Check the background of developer,,or societies
3-Check the locations of land as it would decide locations of your project,,,
so happy investing in L zones

bhuvnesh, Apartment Resident, Gurgaon

6th August 2015

Comment

Hi Himnagi,
Sources revealed that market looks unapproachable with unsold residential stock, however there is an increment in office space assimilation by IT companies as well as e-business firms. Higher office space renting is relied upon to keep home rental markets as well as commercial markets of Noida and Gurgaon cheerful.

Samar, Gurgaon

6th August 2015

Comment

Hey Himangi,
According to sources, as builders/developers concentrated on selling of unsold units, there was a drop in the quantity of new projects in Delhi-NCR. It is true that rental market condition in Gurgaon as well as Noida are better than other regions of Delhi NCR, because of enormous office space retention in these areas.

Veena K,

7th August 2015

As per recent news, the development of the Delhi metro enhanced sentiments in specific regions & projects in DelhiNCR property market, affecting the rental values more than capital costs. No matter how DelhiNCR property market showed some improvement in property prices, but still unsold units are big problem for real estate developers.

Bulbul Verma,

8th August 2015

Hi Guys,
According to sources, in some other areas of DelhiNCR, property prices also dropped. Property cost in Dwarka dropped by 4% and East Delhi property market faced a motionless real estate market. The upmarket neighborhoods of Greater Kailash I and II timed a rush of 6% and 4%, individually, in the June end as compared to past one.

Sufia, Delhi

6th August 2015

Comment

Hi Guys,
I came to know from new that in April-June quarter, property costs in Delhi-NCR region increased 1% as compare to last 3month time.Kindly discuss.

Himangi deshmukh, Delhi-NCR

6th August 2015

Comment

Hey Himangi,
According to news, regardless of repressed demand as well as immense unsold inventories, still DelhiNCR region is indicating change in property cost. Delhi NCR's property market proceeded with slow paced direction from 2015 Jan-March to April-June with an inconsequential development of 1% in property costs.

Deep Thakur, Delhi-NCR

6th August 2015

Hi Deep,
As it is seen, costs ascended even with a tremendous stock of 1.70lac units. Extraordinarily in Delhi real estate market, property costs down by 2% in April-June 2015 when contrasted with past quarter period. Property costs in South Delhi developed irrelevantly, at the same time in North and West Delhi dropped by 5% and 8%, individually.

Himangi deshmukh, Delhi-NCR

6th August 2015

According to latest news, the greater part of the main 8 cities saw demotion in development in number of new launches, just Pune evaded the pattern as far as retention in correlation to the same period a year ago. The main three cities as per new launches were Pune (12,762 units), Mumbai (18,887 units) and Bengaluru (21,400 units).

Suresh,

29th July 2015

Comment

Hi,
In Pune, the new launches units fell by just about 24% except retention/absorption hiked by 5%. The inventory of unsold units has fell from 71000 units in H1 2014 to 64800 units in H1 2015. As per the sale number, Mumbai, however curbed over a year ago, was elevated 28446 units versus 35512 in H1 2014, trailed by Bengaluru 22234 units and Pune 15524 units.

Veena K,

30th July 2015

Not able to offer lavish homes in a lazy market, developers over India are making littler condo without bringing down the price per sq-ft and negotiating quality of item. In past 5yrs, we have seen normal flat sizes falling over every major citie of India. The most influenced fragment in Pune was the luxury segment which may take 3yrs to recover.

Sujan Mitra,

31st July 2015

Mumbai Metropolitan Region (MMR) saw the greatest fall in apartment sizes on annualized premise, alongside Kolkata, Bangalore as well as Chennai. Different cities likewise saw changing level of fall in middle flat sizes. The progress of flat sizes have a story to tell that builders are giving careful attention to customers' necessities.

Bulbul Verma,

1st August 2015

According to sources, the fall in basic apartment sizes over all top main seven cities is a reasonable evidence that builders as well as developers expect to make houses/apartments affordable for property buyers by lessening normal flat size as opposed to diminishing the capital values.

Rituraj,

2nd August 2015

Hey Guys,
As indicated by the executive director, advisory retail and hospitality, Mr Gulam M Zia said, however the macroeconomic variables are coming down, it is still not reflecting in jobs expanding. This specifically affects residential markets of Indian real estate.

Dhiraj,

29th July 2015

Comment

Hi Amreesh,
According to the most recent news, the residential market that has seen a consistent drop in new launches and sales in the last 2yr are indicating no recovery sign in the following 6 months. The huge drop on both numbers originates from the NCR which in H1 2015 has seen launched units, around 11360, which is not much a 3rd of the 35500 units propelled in the same half of a year ago.

Pranab Malakar,

29th July 2015

Comment

@Amreesh,
As indicated by other sources & surveys, current unsold unit stock levels stand at 7 lakh units and will need 3yrs to debilitate. The business sector has likewise noticed a drop in price growth from 9% to 2% in past 3 years. It was seen in Mumbai, Ahmedabad, Pune, Chennai, Bengaluru, Kolkata, NCR and Hyderabad amid the January-June 2015.

Santosh TR,

29th July 2015