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Real Estate Forum on Realty Sector

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Watchful customers are waiting for price corrections to happen in sluggish market after the Repo Rate cut.
Latest Answer: Currently, demand in the real estate sector has remained flat for long time. While it is expected to improve, with interest rates on housing loans declining and property prices softening. Few developers too believe that demand is expected to bring around from the 4th qtr of this financial year.
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Q: Government needs to introduce new reforms and make sure their fast implementation to wake up the real estate sector.
Latest Answer: With a lot of positive outlook and hopes shown by the new government, we anticipate that land, administrative tax and banking reforms will be executed without further delay.
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Q: Hi, now a days judging various property developers before you buy your home can be a nerve-wracking exercise.

Latest Answer: Hi, Don’t need to worry. Rating agencies such as CRISIL have ways to judge the various risks associated with real estate projects. You can take a leaf out of their books when selecting your home to ensure that your money is in safe hands.
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Q: Hi, Realty firm Omaxe is expecting about 20% increase in sales bookings this financial year at over Rs 2500 crore.

Latest Answer: Hi, Do you know why they are expecting so? Because the company's sales bookings fell by 11% during last financial year to Rs 2107 crore against Rs 2373 crore in the year before.
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Q: Hi, can anybody tell me is there any chance for the housing market recover without price corrections?
Latest Answer: Hi, As realty stocks grow and debt-laden firms ask for interest rate cuts to make glad the market, the remarkable counterpart is of setting-up inventories, declining incomes but rising house prices.
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Q: Hi, Hi, Modi's mega-dream project, Gujarat International Finance Tec-City (GIFT City), having achieved financial closure for its Phase-I infrastructure development.
Latest Answer: Hey Guys, As per the recent news Reliance Capital has received 5 laks square feet of space in Gujarat International Finance Tec-City (GIFT) in the International Finance Service Centre (IFSC), Special Economic Zone. It is heard that the company will base its Global Alternate Investment Funds, its commodity exchange and other international business in this location.
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Q: In your opinion, what steps can be taken to improve the current situation in the realty market in Mumbai?
Latest Answer: In the current situation Mumbai is witnessing a more supply and less demand scenario. The builders have to concentrate more on affordable housing rather than posh projects. The current situation will only go up when all the remaining projects get occupied. The rates have also risen swiftly after economic slowdown in realty in 2009. Out of Rs 20,000 crore pumped into land acquisition by developers in Mumbai, Delhi and Bangalore, Rs 12,000 crore was spent in Mumbai alone, leading to high land valuations and inflated rates. Rates have to be maintained for all groups of buyers.
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