Latest Answer: The oversupply has not led to a reduction in property prices in Bangalore. Though not as high as NCR and Mumbai, prices in Bangalore have risen steadily since 2008-09. Even builders have made little effort to lower the prices
Latest Answer: Hi Vinay Dixit, there are a number of projects coming up and aer under construction in Dwarka expressway. What kind of properties are you interested in buying? Are you interested in reputed builders or average ones. Also tell me within what budget are you willing to buy?
Latest Answer: Around 10 percent fall has been observed in prices of properties located in some South and Central Mumbai locations like Parel, Lower Parel and Mahalaxmi, over previous three quarters while prices in Navi Mumbai, Thane and the peripheral suburbs of central and western Mumbai have either been stable or have shown marginally upward trend.
Latest Answer: When cash flow was tight and interest rates were high, builders were being forced to sell properties during the pre-launch stage itself at discount rates to attract more and more buyers. They were increasing the sales through such methods. Several big developers like Lodha, Unitech, DLF, Godrej Properties, L&T Realty and Indiabulls have also followed this trick.. but now since the sales are picking up there may not be a need of such things, unless buyers get bored up with the same style.
Latest Answer: Lalit, are you looking to buy a plot or apartment in Raj nagar extension? Then go ahead with your plan.. No doubt RNE is a good place to invest. RNE witnessed real estate boom in a short span of time and has around 2,000 families living there. There are over 750 ready to move in flats already up in this region. But as of now, the main issue is improving connectivity and traffic decongestion. The Ghaziabad Development Authority is looking to execute the proposed traffic decongestion plan of NH-58 and other roads in Ghaziabad in association with Raj Nagar Extension Developers Association. So shortly this issue will also be cleared.
Q:Hi, I am planning to buy property in Delhi or Gurgaon. I want to know what are the current rates of properties? And please guide if it is good to invest at this time.
Latest Answer: Hi guys, it is expected that there would be a shortfall of housing by 18.78 million units this year.. The sector mainly observed supply constraints during the year while the demand for retail housing loans has been significant. The growing middle class and urbanization were the main contributors along with many other factors such as scarcity of land, finance at reasonable rate, infrastructure, legal and regulatory framework and the limitations of the private and other stakeholders to provide low income housing. The steady growth has been observed in the housing sector.
Q:Why is the rate of Ittina Mahavir property not going up ? Even builder is selling at Rs 2500 psqft in Jan 2013. In 2012 Ittina has made bulk sale @ Rs 2000 per sq ft. Ittina Mahavir is the worst property investment in the last 3 years. Also Bangalore property is falling in 2013 and average rate per sq ft in Electronic City has fallen from Rs 3000 per sq ft in 2012 to Rs 2700 per sq ft in 2013
Latest Answer: In 2014 Ittina Mahavir price per sq foot (with all amenities fuillpaid up + car parking + power backup + KEB electrical meter installation) comes approx Rs 2650 per sq foot. which builder is willing to sell. With other things like geysers, main door gate, etc etc it is approx Rs 2700 per sq foot all inclusive (no extras).. so not much value for money still.
Raj
Q:Recently I read news that there has been a drop of property rates to 15% in some cities, however in Pune, a rise in rates of around 5-10%. Also due to the rising interest rates, there is a possibility of correction of real estate prices in the near future. Why is there a difference in property rates?
Latest Answer: Yes the drops in property rates are true. The rates depend on demand and supply. This may vary on a project to project basis. The projects which see good demand will not see a correction. The difference is obviously there as Pune is definitely a very good investment option booming with the IT and manufacturing sectors. For any investment options you must identify areas which have a potential of industrial growth which will prompt demand for both residential and commercial properties. You can post your requirement at http://www.commonfloor.com/post-public-property-requirement to get matching properties details on your Email and Mobile.