Monday, December 26, 2011

>Real State of Real Estate in NCR, Pune, Mumbai & Chennai Bengaluru

■ High level of absorption witnessed in Bengaluru; unlike other cities where it is seeing downtrend

 Mumbai with the danger of sharp increase in inventory on the back of several new launches is poised for property price correction

 In NCR, Gurgaon and Noida are stronger markets compared to Greater Noida which has high level of inventory and slow pace of absorption

 Bengaluru continues to be the strongest property market in India; high level of absorption is the key to avoid price correction

 New Delhi has very low inventory; marginally above 2msf, no price correction expected

■  New launches have declined across the markets excluding Bengaluru

 Absorption in Pune is following Mumbai property market trend; price correction expected unless the pace of newlaunches remain slow

 Reasonable absorption level and the slower pace of new launches will help Chennai property prices to stabilise at the current levels

To read the full report: REAL ESTATE