Where to invest in 2011 ?
Expensive Real Estate Markets are Due For A Correction
But prudent investors will find plenty of opportunities in premium and redevelopment projects
by T Surendar | Jan 7, 2011
In late November, soon after environment minister Jairam Ramesh gave the green signal for Mumbai’s second airport, property prices around its location shot up by 20 percent. This was the same area that, even six months ago, real estate consultants and analysts were advising investors to stay away from. They reasoned that the prices had run up way too quickly. Today, the same professionals are recommending buying select properties in the same area at higher prices.
Read more…
Categories: Delhi, Greater Noida, Gurgaon, NCR, Noida Tags: delhi property trend, development finance, gurgaon property trend, housing development, metro station, mumbai delhi, ncr property trend for 2011, noida property trend 2011, real estate consultants, redevelopment projects
NCR-Delhi: Property trend for 2011
Property prices to rise in next one year, then correct: NHB
PTI, Jan 5, 2011, 06.21pm IST
NEW DELHI: Housing regulator, NHB, which is awaiting USD 500 million loan from the World Bank for low cost housing, today said property prices would rise in the next one year, but that would result in correction in these rates in all the metros subsequently. "In the next one year, property prices would be moving northwards which will create a dampening impact on demand, resulting in correction of prices," NHB Chairman R V Verma told reporters on the sidelines of Skoch summit.
Read more…