Foreign retailers are increasingly targeting India for expansion, attracted by rising incomes and a growing population, with Mumbai and Delhi leading as top destinations.
India's residential market nearing price correction due to weak home sales, forcing builders to cut prices, reports CBRE, with Mumbai, Chennai, Hyderabad, and Delhi experiencing significant sales drops.
According to CBRE, the Indian residential market saw significant price increases in 2009-2011, followed by stagnation in the latter half of 2011 due to multiple factors.
Office rentals in India stabilized in the September quarter, with varied trends across cities. Economic improvement and corporate confidence drive demand.
Now is an ideal time for buyers to seek value real estate deals, especially in suburban areas with affordable home launches.