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Start a DiscussionIndia property market forecast 2012, Real Estate forecast 2012
Posted on February 14, 2012The year 2011 can best be described as a lackluster year for Indian real estate sector. There were several headwinds that prevented the sector from delivering to its full potential. High property prices and rising home loan interest rates kept the home buyers away from the property market. Property transactions in major Indian cities were down by 20-40% for the year.
As we move into 2012 there are several un-answered questions. Where does the property market go from here? What is the current psyche of home buyers? Is it still a seller’s market or buyers will dominate the market movement? Is affordable housing still the top priority, when the common man goes home shopping? Which is the hottest destination for investing in real estate in 2012? To get an insight into these and many more issues, Makaan.com, the fastest growing online property website, conducted a survey among its users.
The survey ran on the website between 27th November to 15th Dec 2011, witnessed a voluminous participation of 4430 home buyers from across the country including cities of Mumbai, Delhi NCR, Bangalore, Chennai, Hyderabad, Pune, Kolkata, Ahmedabad, Chandigarh & more. Most of the survey takers were male, in the age group of 26 – 45 years.
Click here to download the full report
Real Properties. Real BuyersComments(5)
Let's we see where the real estate market of India will stop. I don't think that it will stop because there is no limit for growth. I mean "sky is the limit".Refer : http://mk.cm/9DvCommented April 17, 2012 by Myestatepoint Mumbai Reply Can you please tell me why property rates have gone so low in Chandigarh and when can we expert rates to revive in Chandigarh.(I'm a seller)Commented February 25, 2012 by Sushma Nayyar of Chandigarh Reply I like the points mentioned about home loan but may be this link provide you more details www.dialabank.comCommented February 17, 2012 by Alisha Kapoor Reply Look at the Navi Mumbai property market. The market is over priced as created by the cartel of local brokers for their short term greed/gain, resulting genuine home buyers are staying away. Rental market condition also effected due to high brokerage rates for initial and renewal term. For a common man affordadability and hasslefree resale also plays a critical factor. Current prices are all time high, stgnant (and now started breaking) and price components are simply not doable for a common man. Investing at this junture may be a great risk as there may be very limited buyers when you wish to re-sell. It is expected that abnormal prices are likely to fall in near future due to various uncertain factors hovering around. Lot of movements on both sides may happen if the price is slashed around 15-20%, from which both sides of the coin can gain both in short as well as long term. Investing in other growing cities are better option for investment and resale point of view.Commented February 16, 2012 by Pritam Paul of Faridabad Reply Prices of lands in India has gone up only due to investments of politicians black money in agricultural lands since Swiss banks investments has been completely closed. Therefore no other alternative to invest their black money into benami names. Government should immediately stop giving N.A's and should stop encouraging farmers from selling their agricultural lands. Govt should focus more on agriculture rather than industries and housing
otherwise a day will come in future, there will be lots of money but no food to eat only imported breads, this will also stop politicians purchasing lands and converting their black money. Will government note and take immediate steps if they are really serious about our nations. I wish to ask only one question for the politicians, are they going to take all these lands why they die? Pl die peacefully without tension.Commented February 14, 2012 by Shridhar Bawale Reply
In response to Shridhar Bawalehi correction expected and needed in real market sector; especially in new mumbai real estate; there is Agent lobby who increases prices each month and fearing customers to buy or price while increase; average salaried person cannot dream of own home; also black money demand ranges from 40% to 60% so real buyer hesitating to buy; some action from government expected for controlling prices in real estateCommented February 25, 2012 by NILESH of Mumbai Navi Reply
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