Real estate investment requires careful consideration of funding, location, and developer reputation. Long-term investment strategies are advised, given the average annual price growth of 12-15% in major Indian cities.
Raheja Universal, rated by CRISIL, plans to develop 70 million sq ft in Mumbai, consisting of 26 million sq ft commercial and 44 million sq ft residential.
Crisil introduces real estate ratings to aid buyers in making informed decisions. The rating system assesses various parameters and will cover 21 projects across Tier-I and II cities.
Residential property prices projected to fall 10% in 2009, influenced by a 'wait and watch' buyer approach. Lower home loan interest rates anticipated to revive demand and stabilize prices in 2010.