Q:With a multi-year slowdown continuing in 2015 in spite of huge supply and fall in prices, the real estate market is hopelessly looking for a recovery in the New Year.
Latest Answer: The real estate sector in India certainly wasn’t at its best during the year 2015. Developers are looking at the New Year as an opportunity to improve real-estate sales. There are a number of upcoming realty projects coming up in various parts of the country. When I try to think of some popular new projects, the first ones that come to mind are the Vivante and Solaris tower. These projects in Mumbai and Gurgaon respectively have been in the real estate grapevine recently, with the growing interests in these new projects.
Q:As per property websites data, a deep slowdown have seen in large cities like Mumbai, Pune, Bengaluru, Chennai, Hyderabad, Kolkata and Delhi/NCR. What do you think Guy's? give your opinion....
Latest Answer: You are absolutely right Himangi,
Net sales fell by 36% to Rs 383.72 Cr. in July-September quarter of this financial year from Rs 595.75 Cr. in the corresponding period of last financial year and the total income fell to Rs 405.80 Cr. for the quarter ended September from Rs 633.41 Cr. in the year-ago period.