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Real Estate Forum on Ncr

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Why Gurgaon is considering as most attractive property destination in NCR?
Latest Answer: Because all top developers, real estate companies, IT companies, business sectors, factories and many more works there. Just like one of the premium real estate company named as Zvesta is selling big builders projects like Vatika, Godrej Sobha City, Ashiana Mulberry etc. You can call to know more 8595103103
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Q: New launches in the top 8 property markets across India declined 11% continuously in the quarter ended December,2015.
Latest Answer: Hi Everybody, Yes, it is true that the sector is yet to come out from lack of affordability, liquidity stress and lack of transparency. Improvement is depend on long push, better business strategy and consciousness among developers. Bangalore, followed by Mumbai, remains on watchful play in the absence of clear signs of recovery.
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Q: Good news for home-buyers. Launching prices for mid-segment new residential projects witnessed 4-20% drop in 2015 in select micro markets of Mumbai, NCR and Bengaluru.
Latest Answer: As per a report, the submarket of Malad witnessed ticket size reduction by 15% in spite of average launch prices (mid segment) declining by only 8% primarily due to significantly reduced average unit sizes. Thane and Goregaon witnessed a decline in Average Weighted Basic Sale Price by 18% - 20% as well as reduced ticket size of new projects in 2015 compared to 2013.
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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.
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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.
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Latest Answer: With the Reserve Bank of India on Thursday announcing a 25 basis point cut in the rate at which it lends to banks, there is a new hope that banks will follow suit and reduce home loan rates, which could be the trigger that homebuyers have been waiting for.
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