Friday, May 16, 2008

Property prices fall 15-20% in Q1- in Pune and all Indian real estate markets

In fact, in many markets, the level of transactions have gone down drastically, which has resulted in this dip. This is also because residential capital values in some micro markets in the metros have shown a negative growth in the last one quarter.

After tracking capital values in metros such as Mumbai, Chennai, Bangalore as well as Pune and the National Capital Region (NCR), the result was that either there has been a fall in prices of residential values or they have not increased in the last three months.
Realty does reality check -The Economic Times

2 comments:

  1. Bangalore is currently facing space crunch. Property values in Bangalore are all time high. All these factors are driving away the IT and ITES companies from Bangalore. Meanwhile, Mysore’s infrastructure and real-estate profile has undergone a major transformation. Property development across Bangalore’s Outer Ring road (ORR) and the construction of Mysore-Bangalore highway has made Mysore more accessible. These transport corridors have made the inter-city connectivity more efficient. Hence, it has become easier for individual users and corporate offices to look for residential and commercial property options in Mysore, where property prices are comparatively less.

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