Q:These locations in and around bigger cities are starting to see interest from private equity funds and non-banking finance companies as realty is these locations appear to be finding takers in slow markets.
Latest Answer: But if there is a project which is being done by a professional group, is offering a value for money product and is surrounded by social and physical infrastructure, then in spite of being in a tier II location, it is seeing consistent end-user demand.
Latest Answer: At the same time, this bill will have a positive impact on the Indian economy as it would provide confidence to foreign investors. As far as responsibility for delay is concerned, it lies both with the developer and the Government authorities. Thus, if we look at the larger picture, the delays in execution also have a negative bearing on India's GDP.
Latest Answer: There are other positive signs too. Outsourcing companies have seen a healthy growth in the business with the devaluation of the rupee. That can be seen in the large amounts of office space that was leased in 2014.
If business development lead to IT companies hiring more talent and giving higher increment to keep talent, it will surely begin home sales.
Latest Answer: Even the online home rental platform saying that rental segment has been growing at a very slow pace over the past one year while they are expecting the quarter-on-quarter increase of 1% to 2.25% across Mumbai, Bangalore, Pune and Chennai.
Q:The realty markets is facing a horrific slowdown, with sales down desperately and the inventory of unsold flats piling up. Even investors in property are facing the heat.
Latest Answer: True Nikhil,
Last week, RBI Governor Raghuram Rajan told that the industry must bring prices down to attract buyers. If real estate developers will able to bring down prices, it will be a big help to the sector. Once there is a feeling that the prices have stabilised more people will be ready to buy.
But the builders have already sold a significant inventory of those projects. If they cut prices now, they will lose their reputation.
Latest Answer: Why should the common man bear the burden of this illogical decision? For developers, this decision could not have come at a worse time. There is no sale at all. They are facing a huge liquidity crunch and rise in taxes means rise in property prices. Ultimately, the common people will have to cancel their buying decisions.
Latest Answer: 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.
Latest Answer: It is also notable that Mumbai and Delhi NCR are struggling with inventory more than the rest of the cities. In some of the other cities like Pune or Bangalore, the balance is very much there, we don't anticipate any price correction but NCR, MMR and the border areas of several cities where too much of activity has happened these areas have grown too fast for the appetite of that area, prices should come down.
Latest Answer: In spite of that sales volume remaining at an all-time low and inventory levels up, property prices in all the 6 cities have moved up. While Mumbai saw the maximum rise of 10%, NCR observed the least with 3%. Increase in property prices is basically because of increasing inputs cost for developers. The current economic indicators look positive, though the real effect will only be felt by the second half of this year.
Latest Answer: Don't worry, the Union budget should bring a significant decrease in interest rates on home loans. The Ministry for Urban Development and Housing had made it clear that it would maintain a sharp focus on reducing home loan interest rates, and the budget will hopefully bring firm evidence of this focus.