Quote:
Originally Posted by mamba
Whats written is that prices are going to be flat and huge supply...
dont know how the conclusion was reached..
"Residential rental prices in Bangalore are expected to stay flat, just like in Mumbai, Chennai and Hyderabad.
Industry experts say this is largely due to supply out-stripping demand in most of these markets.
Even this is not a great cause for concern. Experts say that while new projects may carry a higher price tag, an across-the-board increase in prices is expected only the second quarter of next year. Even then, prices that prevailed in the market in the pre-slowdown period of 2009 are not likely to be re-visited anytime soon."
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"Even then, prices that prevailed in the market in the pre-slowdown period of 2009 are not likely to be re-visited anytime soon."
If you follow the market then these levels have already been breached in Mumbai. Mumbai city, suburbs, extended suburbs (Thanke, Kalyan, Dombivali) and Navi Mumbai are all at theo all-time highs.
virar never quoted 4200, Kandivli never quoted 9K, Mulund never quoted 7K, Bandra never quoted 30K, Thane never quoted 5K, Kharghar never quoted 5K ever before 2010.
From what I know, atleast in Mumbai there is enough demand to swallow the spurt in supply.
This however cannot be said for Pune where there is more supply than demand. I have little knowledge of other regions.