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- How old is this info?
Now we see a cooling down period in the industry and correction is happening in price but your article indicate otherwise.. what's the date of this article(original)?CommentQuote0Flag
- Prices have actually gone down ??
Thank you for being such a passionate member of this site. I’m sure that your motto in life is "practice what you preach". You simply inspire.
But with due respect I would like to inform that this article is published on 5th June, 2007 in the forbes.com website.
My actual purpose for posting this article is that though every one in India is crying about the correction in the property prices but the actual fact is that, may be the prices are not soaring like they were, say a few months ago, but they are not falling either. We can at most say that there is stagnation in the prices in some cities, especially in the Tier III cities like in Chandigarh, Jaipur, Ambala, etc.
The article discusses about the possibility of a certain cool down session in the real estate market in India in the near future but I am yet to come across any relevant fact that proves that the real estate prices have actually gone down.
India is an emerging Superpower and there will always be constant requirement for more and more residential and commercial spaces throughout the country. With the rise in disposable income of the average Indian and affordable credit policies, real estate prices can only be expected to rise.
So I would like to insist thatBeyond the current cycle, growth in the sector is likely to remain strong on the back of rising demand for houses, malls and office space.
Thanks & Regards
- Thanks You for Quick Response
I am sure that our active discussion at this forum will help!!!
The source of the information and date is really helpful. Thanks.
I can tell you that that at Greater Noida because of local political changes, property rates have gone up in last month!! Leaving the local aberrations aside, I am more keen to understand the current Indian trend.
I was with a leading real estate fund house (can't name it because of NDA) yesterday. In their assessment:
1. In apartments & built up commercial real estate, prices have stagnated.
2. Land prices have come down
That's was on my mind when I put my post!!! It will be great to hear from rest of the forum friends to check what is happening in their area!