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.
The Indian real estate sector faces a potential 15-20% price correction over the next six months due to a severe credit crunch and demand slowdown. Banks and PE funds have tightened lending, leaving developers in a liquidity crunch.
Home buyers in Mumbai await a significant drop in realty prices, despite developers' offers and discounts at a major property exhibition.
Potential home buyers may find deals in April-May as developers face pressure to sell unsold stock at lower prices due to financial crunch.
Prospective home buyers should prioritize affordability over fear of missing out, as current real estate prices are excessively high, with a 30% correction needed for sustainability.
Delta Township opens a new library offering numerous events. Both Delta and Delhi offer stable investments in the housing market.
Real estate companies in India are facing challenges with rising costs and sluggish demand, raising concerns over financing transparency compared to their Chinese counterparts.
The National Consumer Commission ruled that builders must compensate buyers for delays in flat delivery, emphasizing that benefits from rising property prices go to purchasers.