Home prices dip on tighter liquidity
Metro home prices take a dip on tighter liquidity
The vision of owning a house is slowly getting clearer for buyers as residential real estate prices are beginning to see the promised correction on the back of hardening interest rates and poor transaction volumes.
Real estate services firm Jones Lang LaSalle India (JLL) says newly-launched residential projects are recording an average 15% lower prices, especially in Delhi and Mumbai ? markets witnessing oversupply in many pockets.
The higher the prices, more the correction, with Gurgaon, Greater Noida, Navi Mumbai and Bangalore as prime examples, where prices jumped 30-35% last year.
Categories: Delhi, Faridabad, Ghaziabad, Greater Noida, Gurgaon, NCR, NCR Property Trend, Noida Tags: NCR real estate, ncr realty prices, real estate correction, real estate crash, residential real estate
PE firms bullish on Indian Infra
New Delhi: Putting political risks aside, global private equity (PE) funds looking for high return on investments are going to target Indian infrastructure companies in the coming years, says a report by research agency Preqin.
India is attracting the highest number of unlisted, closed-end funds that focus on a single country, making it the most preferred choice among emerging markets, according to the study, released late last week.
“In terms of opportunities, emerging markets are becoming more popular with global investors after the global financial crisis, and India is at the centre of this,” said analyst Elliot Bradbrook, who has authored the report.
Categories: NCR Property Trend Tags: global investors, india infrastructure, indian infrastructure, infrastructure bonds, infrastructure companies, infrastructure fund, infrastructure investment, infrastructure sector
Is buying land a good investment?
A plot of land can offer better returns in the long term compared with built property, but purchasing it can be problematic if you are not vigilant.
AMIT SHANBAUG
For 32-year-old Sumana Chatterjee and her husband Sumitro Mukherjee, 33, it was a fruitful end to house hunting when they bought a plot of land in Vadodara, Gujarat. However, a few months after paying the full amount, the couple was shocked when they received a stop work notice from the court on the construction of their bungalow. “We found that there was another claimant for the land and that the property was under litigation,” says Chatterjee.
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Categories: Delhi, Faridabad, Ghaziabad, Greater Noida, Gurgaon, NCR, NCR Property Trend, Noida Tags: bungalow, buying land, buying plot, plot checklist, plot documents, plot of land, plot papers, power of attorney