Posts Tagged ‘high interest rate’

NCR-Delhi: Realty Trend for 2011

Residential market looks up

DHNS, 31 Dec 10

What defines this year in terms of real estate? The RBI seeing red over the teaser home loan regime, its move to tighten the flow of 'easy money' into the real estate market or the residential sector spearheading recovery of market economy…DH Realty looks back.

A good year for residential sector, not a full recovery for the commercial sector, status quo in terms of Bangalore’s infrastructure…That has been the story of the year gone by for the real estate sector.

According to a survey by makaan.com, “the year 2010 can be considered a mixed year for the Indian real estate sector. The industry displayed some positive signs of revival with homebuyers and investors coming back to the property market on the back of a higher consumer confidence and the promise of sustained GDP growth. This lead to hardening of the property prices in the beginning of 2010. The home prices moved up at a brisk pace during Oct 2009 to March 2010. The sudden and steep rise in prices created a fear in the mind of the genuine homebuyers and they adapted a wait and watch approach during the second half of 2010.”

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