Realty axis

“In Delhi, the market has seen a huge correction in residential property prices, which was much required. As state land development agency Delhi Development Authority’s (DDA) plans to come up with DDA colonies around farm areas beyond Mehrauli fructify, there is no big pressure on demand. Supply is expected to grow,”said National Housing Bank Executive Director [...]

Mumbai’s builders seem to have priced themselves out of the market. Sales of apartments, on an average, have dropped between 30% to 50% over the past four months as end-users, discouraged by the high rates, are staying away or postponing their decision to buy their dream house.

But developers are not perturbed. Except in 2008, at the [...]

Now, property owners in Ghaziabad will have to shell out more money to get their houses registered. In a late night meeting on Saturday, the Ghaziabad Development Authority revised the circle rates, increasing it by 10-20 per cent.

In Kaushambi, the present rate of Rs 40,000 per sq m has been revised to 45,000 per sq m. [...]

A proper recce of the house and area may help clinch a great deal

During the monsoon, construction activity slows down and very few projects are launched. Every year, between March and September, builders find themselves in a situation when buyers are few. Reason: Many people consider it inauspicious to buy during this period. This adds to [...]

Even as realtors are upbeat about growing demand in their sector, the industry stands divided over a possible correction in the skyrocketing prices of residential properties in major Indian metros.

Over the past few years, property prices in most of the Indian cities have appreciated by over 250 per cent while the economy was growing at 8 [...]