Bengaluru's rental housing market saw an average price correction of 5-10% during the April-June quarter of the current calendar year, driven by tenants moving to the outskirts and the growth of co-living options.
Mumbai's residential market faces potential price correction in 2014 due to high unsold inventory and low absorption rates, shifting the market in favor of buyers.
Mumbai property rates soar 66% in four years due to land scarcity and limited supply, defying expert predictions of price correction.
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.
Real estate experts predict a possible price correction in cities like Delhi and Mumbai, offering investment opportunities. A Navi Mumbai resident plans to sell his property amid these expectations.
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.
Mumbai flat prices predicted to drop further, brokers advise waiting. Developers disagree, stating prices have stabilized after a 5-20% decrease.
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.
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.
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.
RBI's interest rate hike may further slump real estate demand, leading to 5-15% price correction and delayed projects.