Tag Archives: Residential Prices

30-35% Drop Expected in Residential Price in Mumbai

October 23, 2008 – 6:07 am

Centrum Broking Pvt Ltd today shared findings from its research report on the Mumbai Real Estate Sector. It expects a 30-35% fall in India’s residential prices from the peak, with the Mumbai Metropolitan Region (MMR) estimated to witness the lowest fall of 20-30% until April 2009. Residential demand in Mumbai is estimated at 66mn.square feet [...]

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Home Rates May Drop Upto 12%

October 2, 2008 – 11:37 pm

Last week, at Mumbai’s Grand Hyatt Hotel, leading city-based real estate developers were closeted in an hour-long meeting. The agenda: to discuss ways to counter the slump in home sales which has persisted for almost an year now.
The outcome: The bitter realization that the Indian developer has limited options before him to attract buyers. The [...]

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Real Estate Boom In Multi-Cultural City Lucknow

June 16, 2008 – 8:24 am

LUCKNOW, the ‘Shiraz of Awadh’ and ‘Constantinople of India’, as it is metaphorically called, is the capital of Uttar Pradesh. Located in what was historically known as the Awadh region, Lucknow has always been a multi-cultural city.
The real estate sector is seeing hectic activity, with every major property developer operating in North India launching projects [...]

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Realty Needs Indices Similar To Equity Market

May 20, 2008 – 4:28 am

The Real estate industry in India has been growing by leaps and bounds in the past few years. However, the country still lacks a credible way to cross-check the price swings (real or reported) in the sector. For example, recent reports of residential prices cooling off in major cities of the country could not be [...]

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