Track2Realty: On the occasion of Akshaya Tritiya, Lavasa announced the launch of a new set of elegantly designed apartment blocks at Dasve & Mugaon, the first & second towns in the planned hill city of Lavasa.
Track2Realty: MMRF Realty & Infrastructure has announced the launch of its first two residential projects in Chennai, Sai Enclave, located at Arasankazhani near OMR and Vista Oceana, Padur, OMR.
Track2Realty: Godrej Properties has announced the launch of Phase 5 in its township project Godrej Garden City (GGC) in Ahmedabad. This new phase will offer 2BHK and 3BHK apartments at prices starting at Rs. 35 lakhs. The company has also launched convenience retail in GGC.
Track2Realty Exclusive: Slow economic growth affecting housing market
The recent Indian economic growth has been hampered by several domestic and global factors, resulting in the GDP growth plunging to 3 years low at 5.3% in 2QFY13[1]. Factors such as weak global economy, high interest rates, high inflation, high fiscal deficit, and lack of reforms were the primary reason affecting the GDP growth.
Track2Realty Exclusive Yearly Analysis: India has led the list of top-performing housing markets globally with a 284 per cent real rise in prices since 2001, which is equivalent to an average annual rise of 14 per cent, according to the Lloyds TSB International Global Housing Market Review.
Track2Realty Exclusive Yearly Analysis: Some analysts believe the economy of the scale in the business is helping the developers to hold the stock. They maintain the developer does not put in his own money in financing a project. Even though the cost of land in cities like Mumbai and Delhi accounts for 70-80 percent of the construction cost, at least 50 per cent of the projects are in joint venture with the land owner.
Track2Realty Exclusive Yearly Analysis: Real estate prices have stayed stagnant in 2012 in Mumbai with a mere 0.3 per cent increase in rates, a research report by Knight Frank says. Figure show that real estate sales have been falling by around 25 per cent year after year since 2010 because of high prices.
Track2Realty Exclusive Yearly Analysis: Experts say there are liquidity concerns…
Track2Realty: The primary advantage of going in for a resale flat would lie in buying a home in a strategic location where no new supply is coming in. If one has personal cash resources at one’s disposal and is not reliant on a home loan (a home loan on a very old property cannot be taken for granted), buying a home in a project that is 20 years or more in age can be a good investment bet if the residential property is in a strategic, high demand location with low or no new supply. This would mean that the project would come up for redevelopment, ensuring a tidy profit to the owner.
Chennai is known for its conservative mind-set, which reflects visibly on its residential property market trends, as well. For instance, home buyers in Chennai have historically been driven by location over and above most other considerations, and this had put definite limits on the demand and potential for community living in the city.