Courtney Walsh – one of international cricket’s most accomplished and celebrated exponents – held court at an exclusive town-hall at the Mumbai office of international property consultancy Jones Lang LaSalle India today.
Redevelopment as a method of urban renewal may involve relocating businesses and people. It must produce tangible economic benefits so that the trouble and expense of redevelopment is justified.
For buyers as industry stakeholders, the biggest advantage that the Model Real Estate Regulation Act offers is that there will be an arbitratory body available to attend to grievances and redressals.
Mumbai real estate is debating over a possible price correction as sale registrations for September recorded a 29-month low at 4,137, down 22 per cent year-on-year.
The festival of Diwali has a direct bearing on the property market, and irrespective of the overall macro economic scenario the property transactions around this time of the year have been the maximum.
In a further blow to the dampened Diwali spirit of the realty sector, the RBI raised interest rates on today but said it was likely to hold off on further increases as it expects high inflation to ease beginning in December.
If the current economic conditions have proved nothing else, they certainly prove that investment in Indian residential real estate is impossible to write off, ignore or find an alternative to.
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.
Mumbai continues to be the costliest property market in India but the sales graph show this price rise has started taking its toll on the sales figure.
While many of the Indian cities are reeling under the apprehension of slowdown with sales nosediving, Pune real estate has defied any such apprehensions.