Home sales to grow at slower pace this festive season

Q: Due to high price and unfavorable sentiments in big cities, housing sales are expected to rise at a slower pace of 15-20% during the ongoing festival season.

Mritunjoy Deb,

19th October 2015

Real estate News in Mumbai

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Replies (4)

sir/madam,
I want to post an ad of my 2 BHK House for Rent. where I want to post in yur website.

Shyla ,

19th October 2015

Comment

Hi,
If you want to post an ad for rent, follow this link..... List your property for rent

Sanjana Jain, Mumbai

3rd November 2015

sir/madam,
I want to post an ad of my 2 BHK House for Rent. where I want to post in yur website.

Shyla ,

19th October 2015

Comment

Yes Nikhil,
Real estate market is currently spark with options for prospective buyers and developers are offering discounts in almost all the projects, especially those which are ready-to-move-in. The offers and freebies that are being offered during this period must be closely examined to establish their true contribution in terms of the overall value of the property, and the deal itself.

Shrikant Kejriwal, Mumbai

19th October 2015

Comment

Heavy discounts would better for both end users and investors. Buyers could consider the offers on the other hand developers yield stamp duty and registration fee.

visaltanwar, Delhi

19th October 2015

@Visal,
To boost housing demand, government needs to review the taxes and duties that effect the pricing of any project. Also, the process of granting approvals need to be speed up so that time taken from conception to actual delivery of homes will be reduced.

Shrikant Kejriwal, Mumbai

20th October 2015

Even i think so. Because, real estate market, especially residential segment has been witnessing a slowdown for last 2-3 yrs which leading to slow housing sales and 4-5 yrs of delay in the completion of projects. And this year too i don't expect more than 15-20% increase due to the fact that sentiment is still somewhat unfavorable and there is an affordability gap in the larger cities like Mumbai.

Shrikant Kejriwal, Mumbai

19th October 2015

Comment

Right Shrikant,
Festival season is considered auspicious for real estate purchase and therefore developers ready for increasing their sales. But before that they have to improve many households weak point such as more spacious and better located homes this time.

N.Mathur, Delhi-NCR

19th October 2015