The economic slowdown has led to significant price drops for homes in the National Capital Region, creating a buying opportunity despite project delays from developers.
The ongoing recession is prompting changes in real estate, with consumers becoming cautious and developers focusing on affordable housing for middle-class buyers.
Residential real estate sees a rebound, with increased inquiries and transactions in the low to mid-end segment, driven by price corrections and low interest rates.
The home retail sector is gradually recovering from recent declines thanks to an improving housing market, with major companies reporting increased sales ahead of the festive season.
Indian banks urge property developers to halt price increases to sustain market recovery. Developers' short-sighted price hikes could deter buyers and stall the fragile housing market rebound.
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.
Middle-class families struggle to find affordable housing in metro cities, often facing poor designs and compromises in quality. Design standards are needed for builders.
Mumbai flat prices predicted to drop further, brokers advise waiting. Developers disagree, stating prices have stabilized after a 5-20% decrease.
Real estate companies are promoting 2-bedroom apartments for around Rs 20 lakh to revitalize the housing market, leveraging lower home loan interest rates. However, buyers should be wary of hidden costs and remote locations.
RBI's rate cuts and government stimulus aim to revive the housing market, but developers say more is needed to address credit flow challenges.
The Reserve Bank of India (RBI) directs National Building Organization (NBO) to launch a housing start-up index by March 2009 to monitor the impact of fiscal and monetary policies on the real estate sector.
Public sector banks cut home loan interest rates, benefiting buyers in Mumbai's outskirts and other cities. The move aims to support the housing market, but some experts believe a greater impact would require higher loan limits and increased consumer confidence.
Experts believe that despite RBI's rate cuts, developers need to adjust prices to stimulate the sluggish residential market and address declining revenues.
Mumbai developers consider halting new residential projects due to market slowdown, impacting sales and leading to job cuts in the construction industry.
Real estate developers are offering attractive discounts and deals due to a market slowdown and liquidity crunch, despite putting on a brave face.
Rental property investments are gaining traction in India as home sales slow, with Hyderabad showing mixed trends in both sales and rental demand.
Rising property prices and interest rates have led to reduced affordability in residential properties, prompting developers to introduce various incentives and innovative schemes to boost sales.
Rising interest rates and new DDA flats are causing panic among real estate investors in Delhi NCR. Investors are selling back to developers or pushing for quick sales, while experts advise end-users to wait for potential price corrections post-festive season.
Delta Township opens a new library offering numerous events. Both Delta and Delhi offer stable investments in the housing market.
Indian real estate firms anticipate margin pressure due to recent interest rate hikes, raising concerns over market demand and pricing strategies.
Residential rents in India are rising by 10% due to high demand, low rental yields (3-6%), and high home loan interest rates (11-13%). Many potential buyers are delaying purchases, increasing rental demand.
HDFC chairman Deepak Parekh calls for real estate regulator to protect property buyers and enhance market transparency.
Calcutta property prices may increase by up to 15% as developers face rising costs; however, demand slowdown may limit immediate price hikes.
The EAAP Directory 2008 was launched by Pune's mayor and police commissioner, serving as a vital resource for real estate professionals and buyers in the city.
Real estate sales have declined, but prices remain stable. High interest rates coupled with past growth have caused a market slowdown, affecting buyer sentiment.