10 Major Indicators of Real Estate Trends In India

India’s real estate sector has undergone a complete face-lift in a decade aft passing through remarkable times. One of the global property consultants with its recent study based on the observation in over pat 2-3 quarters has revealed the 10 major factors that indicate the trend of Indian real estate.

According to the study the top 10 indicators are:

1. Supply

    Supply is one of the key indicators of the real estate trend in the country that shows the flexible signs of recurring cyclical ups and downs of the market depending on the number of new launches. Currently, this trend is seen in cities like Whitefield and Hosur Road in Bangalore, Greater Noida and NCR-Delhi, Mumbai, and Chennai. 

2. Demand

    Demand has declined in NCR-Delhi, while in other cities it is stable and new launches are attracting buyers and significantly NCR-Delhi has attributed about one-third of new launches and but the net absorption dipped to 36 per cent from 40 per cent by first quarter of 2014.

3. Available Rate

   In terms of vacant apartment units, the available rate has risen across all cities except Pune and Hyderabad, which are witnessing huge optimistic market.

4. Rentals/Leases 

    Across the major residential markets likeBangalore, Chennai,Mumbai, and Pune the rental value has seen slight increase. Before becoming stable, rental values in NCR-Delhi went through a correction for high-end properties, whereas Kolkata and Hyderabad witnessed huge inactive.

5. Capital Values

  The capital values have gradually ascended across cities; while in Tier-1 cities due to sluggish sales moderate price growth is observed. In some residential market increase in price was seen due to new launches. Generally, pan-India prices have increased by less than 2 per cent by quarter-on-quarter basis for the past three quarters. The Tier II cities of Chennai, Kolkata, and Pune witnessed huge growth due to lower prices.

6. Project launches

   Mostly, new projects were in the mid-segment that comprises of 2 and 3BHK, along with the launch of studio apartments and also luxury as well as serviced apartments was launched for chosen buyers. 

7. Developing Areas

   Few cities like Sohna and NH-24 (NCR-Delhi), Ulwe and Karanjade in Mumbai Developers explored newer corridors in cities such as Sohna and NH-24 in NCR-Delhi, Ulwe and Karanjade in Mumbai and Hennur Road in Bangalore emerged as the developing areas due to the reasonably priced projects.

8. Infrastructure

   Projected infrastructures developments like new highways and Metro connectivity in a locality made developers to come with new projects and this attracted many buyers.

9. Buyer/Investor confidence

    Due to high interest rates and increasing property prices, buyers/investors are sitting on fence waiting for good market condition.

10. Developer/Builder sentiment

     At present, the sentiment of real estate developers is depending on the new government. They are hoping for some optimistic alterations in the market by the new government taking some measures and implementing some positive policy changes from.

Visit Dreamz GK Infra Reviews official blogs and articles to read latest news on real estate business India.