-
Start a DiscussionProperty prices in India remained stable in December 2011 - says Makaan.com Property Index
Posted on February 17, 2012Makaan.com Property Index – National
- Monthly Trend: At the National level, the property prices remained stable in the last one month. The Index in December 2011 stands at 1466 as against 1469 in November 2011.
- Quarter Analysis: Over the last 3 months, MPI has seen a small drop - it has moved from 1507 in September 2011 to 1466 in December 2011, a drop of 2.7%.
- Year-on-Year Movement: As compared to last year i.e. December 2010, the MPI in December 2011 has moved up by 19.2%.Prices had dropped significantly in the second quarter of 2010 due to economic slowdown. From thereon, the prices have been rising steadily, with minor highs and lows.
Makaan.com Property Index – City level
- Quarter Analysis: Over the last quarter, i.e. between September 2011 to December 2011, there are downward swings in property prices across the cities. Delhi, Ahmedabad, Bangalore, Hyderabad and Pune registered a drop where as only Kolkata and Chennai registered a rise. Property prices in Mumbai remained stable.
- Year-on-Year Movement: Over the last 1 year, i.e. between December 2010 to December 2011, most cities have seen significant increase in property prices with Kolkata, Chennai and Bangalore registering the maximum appreciation. A drop was registered in Ahmedabad property prices while Hyderabad property prices remained stable.
- Going forward: Indian Real Estate market is going through a challenging phase with multiple macro economic headwinds like poor liquidity for developers, increased cost of construction, high land prices, delayed projects, high interest rates. These factors are keeping the home buyers away from the market. Over the coming months the property prices in India are likely to move in a narrow range with a slight negative bias.
Ahmedabad Index
Bangalore Index
Chennai Index
Delhi Index
Hyderabad Index
Kolkata Index
Mumbai Index
Pune IndexView MPI for the month of :
Real Properties. Real BuyersComment(1)
i have no recieved good response iwan run my only no mr shashi verma 9899141545Commented April 1, 2012 by Shashi Verma of Dwarka Reply
Please wait...
Facebook
Twitter
