The Indian real estate market shows mixed reactions to recent developments in the US economy. While some companies are optimistic, others remain skeptical. Recent activity suggests market stabilization.
RBI considers increasing risk weight on commercial real estate loans by up to 200 basis points to prevent a market bubble, potentially impacting real estate firms.
Residential property prices may decline due to robust demand in certain markets according to Knight Frank India. Both investor and end-user demand contribute to the current real estate market.
Real estate prices are unlikely to rise in the next six months, with a significant increase in residential property sales expected, according to Niranjan Hiranandani of Hiranandani Group.
Delhi's real estate is booming due to increasing demand from students, tourists, and businesses. Factors like location and accessibility influence property prices, with areas near landmarks and transport hubs being highly sought after.
Neharpar in Faridabad emerges as an attractive investment destination with affordable prices, drawing interest from buyers and developers alike.
The real estate market is experiencing a revival, with increased demand leading developers, including DLF, to raise project prices, benefiting both buyers and sellers.
India's real estate sector is set to thrive due to economic growth, with developers focusing on affordability and smaller apartments to attract buyers.
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.
Mumbai flat prices predicted to drop further, brokers advise waiting. Developers disagree, stating prices have stabilized after a 5-20% decrease.
PSU banks' attractive home loan rates spur demand in smaller towns, but the impact varies in IT hubs like Pune and Bhubaneswar.
Government stimulus and RBI measures aim to revive the struggling Indian real estate sector. Interest rate cuts and priority sector lending for housing are expected to boost demand and ease the liquidity crunch faced by developers.
The recent terrorist attacks in Mumbai are expected to further depress property prices, especially in South Mumbai, affecting both sales and rentals.
Indian real estate companies resist government pressure to lower prices, citing high taxes and low demand. Developers believe reducing interest rates is key to reviving the market.
RBI's stricter loan restructuring norms for real estate developers are pressuring builders to reduce property prices or face funding shortages. This move aims to address rising NPAs and revive the struggling real estate sector.
Experts believe that despite RBI's rate cuts, developers need to adjust prices to stimulate the sluggish residential market and address declining revenues.
Maharashtra's slum rehabilitation scheme faces challenges due to the real estate market slump, impacting developers' profitability and project timelines. SRA CEO remains optimistic, citing potential demand for cheaper flats.
Parsvnath Developers' Diwali sales dropped 40-50% due to high interest rates and lending restrictions. Despite this, the company plans to maintain prices, focusing on cost reduction by cutting salaries and expediting projects.
Centrum Broking predicts a 30-35% decline in India's residential property prices, with Mumbai expected to fare better, possibly experiencing a reduction of 20-30% by April 2009.
Indian property firms face pressure from lenders to sell assets and repay loans amidst rising default risks and falling property prices.
The Indian real estate market faces a significant slowdown, but agents and developers are hopeful that the upcoming Diwali season will revitalize activity.
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.
The recent US financial crisis is expected to impact the Indian real estate sector, with funding, property prices, and stock movements being key areas of concern. Experts hold mixed views on the extent of the impact.
HDFC and its asset management unit have over $1 billion in property funds to buy distressed real estate projects during the current downturn.