In the last four years, Mumbai saw property rates rising by 66 percent. Property rates shot up in the city mainly due to the scarcity of land and limited supply.
Mumbai, the city which remained the top home destination in India, has always enjoyed higher property rates. According to some recent reports, over the last four years, the property rates in the city have gone up by 66 percent. Continue reading →
There are no signs of improvement for home sales. The sluggishness has affected home sales across the country.
Various freebies and discounts are offered by the developers. Though these were expected to improve the sentiments of home buyers, weak home sales prove that these offers have no impact on the sluggish realty market. Continue reading →
Affected by the weak home sales, some top Mumbai Developers have cut down the prices for their new launches.
A few days after the news came out that the property prices have shot up in many of the cities including Delhi, Bangalore, etc., some Mumbai developers said that they have cut down the prices for new launches. Continue reading →
Due to the sky reaching property prices, no property buyers turn up anywhere. As property buyers remain reluctant to buy out properties, the developers are struggling to offload their unsold properties.
The developers would not have imagined that the sky reaching property prices will have as disastrous as this. Many of the builders now have unsold properties at their hand as they are not able to find any property buyers. Continue reading →
Though Vasundhara Enclave has every potential to attract the end-users, it fails to do so. Weak demand for housing units proves this.
DELHI-NCR: Though Vasundhara Enclave Delhi has been expected to become one of the hot residential locations, it still remains as an unpopular residential destination. Property prices are remaining more or less stable. Continue reading →
Home sales, especially of new launches, improved during the period from January to March. The discounts offered by the builders have improved the sentiments of the buyers.
Bangalore and Mumbai witness improved home sales.
US financial major Merrill Lynch’s report stated that the sales of new launches improved. The real estate developers have offered various discounts to woo the buyers. According to the financial major the discounts do have an impact in the home sales.
New projects are launched at attractive prices. Besides they are offered with discounts. Attractive schemes by the developers do woo buyers and investors. New launches by renowned developers picked up sales during the first quarter of 2013.
Though the sale of new launches improved this year, Gurgaon saw a fall of sales. This slowdown is mainly because the builders have been focusing on completion of their ongoing projects. Besides they also focus on clearing the unsold inventories. Rising property prices also impacted the demand for new launches in Gurgaon.
Merrill Lynch said that there will be price correction in Mumbai in the upcoming years. Property prices in Mumbai have appreciated at 14% over the last decade. Continue reading →
PropEquity reported that the home sales in NCR have jumped by 46%. The property research firm has tracked home sales over 40 cities.
Home sales pick up in NCR.
Tracking over 45,000 housing projects of 8200 builders, Property research firm PropEquity has reported that home sales in the National Capital Region (NCR) has picked up.
Now NCR sees a revival of home sales. In January, it added, nearly 9000 housing units were sold in the region.
As against the 6032 home sales in January 2012, 8,812 housing units were sold in January this year. With this improved home sales, NCR sees a revival in the region.
Housing demand picked up along with the clarity in land acquisition issues in Greater Noida. Home sales have picked up highly in Faridabad, Greater Noida and Noida Extension. Besides these areas Yamuna Expressway was another area which saw an increased demand for housing units. Continue reading →