Mumbai’s residential home sales dropped to a three-year low in the quarter ended December as record home prices and higher interest rates crimped demand, according to Liases Foras Real Estate Rating & Research Pvt.
As far as IPOs are concerned, out of the 132 IPOs lined up, the largest number -15 -are from the real estate sector.
The demand for holiday homes in India is as wired into the country’s overall economic performance as every other segment of residential real estate.
It is not just strange, it is ironic. When the facts and indications are all misleading, investor in the Indian market have no choice but to keep the fingers crossed and it is precisely the reason what is hurting the realty stocks, finds Track2Realty.
Analysts are worried and do not see a rosy picture ahead in 2012. According to them real estate companies planning IPOs in 2012 may experience a lack of enthusiasm on the part of investors.
Shobhit Agarwal, Jt. Managing Director – Capital Markets, Jones Lang LaSalle India, believes market may be sluggish at the moment, but eventually India stands as a destination for investment.
With the real estate industry facing a shortage of skilled manpower, the Confederation of Real Estate Developers’ Association of India (CREDAI) has launched a skill development programme in Pune.
With the market set to bottom by out by the second quarter of 2012, we will see the beginning of a recovery in the city’s residential real estate fortunes by the second half of the year.
The ever-increasing housing needs in urban centers have caused home prices to shoot up to extremely unaffordable levels.
India which is building the world’s second-tallest skyscraper, is catching up with China in an office building boom that may indicate that an economic slowdown is imminent, according to Barclays Capital Research.