The festive season looks a bit subdued for property buyers this year. The price corrections that were anticipated in the primary cities have not materialized, at least not in the hoped-for magnitude.
Despite the strong probability of correction of residential property prices…
Much like in Bangalore, the primary catalyst for Pune’s residential real estate market are the Information Technology and Information Technology-Enabled Services sectors.
For working-class home buyers in Mumbai, there aren’t too many…
The fundamental aims of any residential property investment should be to maximise yield as well as capital gains and to reduce the risk as far as possible.
Mumbai saw a steep rise in property prices during the boom period of 2008. However, the economic slowdown in 2009 led to a property market crash which made itself very tangible in Mumbai in the first quarter of 2009, stabilizing by the middle of year and rising again between the 3rd and 4th quarters.
Residential sales in Hyderabad remained modest in 4Q10. Although the city witnessed many launches, sales did not pick up. Market sentiment, especially among investors, stayed low as political uncertainty persisted.
Kolkata is fundamentally a Tier II city, and its real estate market is not as volatile as those of the primary cities. Because of this, Kolkata’s residential property sector was not as seriously impacted by the nationwide slump in the real estate market as cities like Mumbai, Delhi, Pune or Hyderabad.
Real estate markets are inherently vulnerable to prolonged periods where prices deviate from their fundamental value. The features that contribute to this deviation are imperfect information, suboptimal financial markets and supply rigidities. Imperfect information causes buyers to either overestimate or underestimate the fundamental value of real estate assets.
North Bengaluru has emerged as a real estate hotspot in recent years due to the presence of the Kempegowda International Airport, major corporate offices, a host of recreational options, and the arrival of the next phase of Namma Metro in the near future. An integral part of North Bengaluru is the 3,000-acre KIADB Hardware & IT Park which is home to many Aerospace and IT campuses surrounded by well-planned infrastructure, ample green parks and open spaces, retail spaces, and more. Since this area has been witnessing increased interest from homebuyers over the last few years, a high-end residential project like Assetz Sora & Saki aims to cater to the discerning tastes of the new-age home buyers.