Knight Frank sees revival in real estate market
Price appreciation seen in residential segment, office segment sluggish
Feb 15, 2014
Source : The Hindu

MUMBAI: While developers and financial institutions believe that the present residential and office markets are weaker they were six months ago, they are optimistic that the next six months would see a change.

This was one of the key findings of the FICCI-Real Estate Sentiment Index report launched by London based realty consultant firm Knight Frank in Mumbai.

The index is based on a quarterly review of stakeholders including developers, private equity funds, banks and NBFCs and is calculated on the basis of weighted average score of respondents across seven main cities.

While optimism is reflected among the respondents with regards to the residential sector in terms of launches, sales volume and price appreciation in the next six months, office sector as well as credit lending or funding situation are not expected to improve in the next six months.

According to the report, the residential index in terms of unit launches and sales volume have neared the 2009 levels that marked the global financial crisis following the collapse of Lehman Brothers in the US in end 2008. Office spaces on the other hand have seen their absorption levels significantly ahead of the 2009 level despite a contraction in office space demand, the report added.

Other highlights of the report includes Mumbai and Pune emerging as the frontrunners in price appreciation during 2009-2013, with Pune showing maximum appreciation among the IT/ITes driven markets of Bangalore, Hyderabad and Chennai.

The report also pointed that that the NCR market prices trended downwards till end of 2010, after which they have risen more than any other major residential market in India.

Latest Realty News

Mumbai, Pune home prices jump 50% in past five years
Feb 15, 2014
MUMBAI: Mumbai Metropolitan Region and Pune have seen 50% jump in residential prices in the last five years, which is highest among the top seven cities, said a new survey.
Builders get notices for 'illegalities' in sale of flats
Feb 15, 2014
THANE: The Bombay high court bench of Justices S J Vazifdar and B P Colabawala recently issued notices to the state chief secretary, leading developers, Income-Tax and municipal commissioners of Thane and Mumbai seeking a response to social activist Vikrant Karnik's letter alleging illegalities in sale of flats.
Civic body to seek Rs 92cr loan from Hudco
Feb 15, 2014
KOLHAPUR: The Kolhapur Municipal Corporation is planning to procure loan of Rs 91.44 crore from the Housing and Urban Development Corporation (Hudco) for the developmental projects under the Nagarotthan Abhiyan sponsored by the state government. The standing committee of the KMC gave approval to the proposal on Friday.
Realty markets get worse, current mood pessimistic: Realty sentiment index
Feb 15, 2014
MUMBAI: Property market across top markets including National Capital Region and Mumbai Metropolitan Region has deteriorated further compared to last six months and current sentiments are pessimistic across all zones, showed the maiden real estate sentiment index jointly developed by industry FICCI and Knight Frank India.
Experts advise end-user needs to figure out a good project with decent location and not get caught u...
Feb 15, 2014
MUMBAI: The real estate industry, which till a few months ago was plagued with issues of oversupply, low demand and weak sentiments has started buzzing with activity.
Indrani Dasgupta launches Balewadi F-Residences in Pune
Feb 15, 2014
PUNE: Ever thought of making a keyless entry to your home, not looking for switches to turn on the lights and air-conditioning, always welcomed by an auto deodorized and cleansed toilet, and many more of such hi-tech, fashionable amenities at your disposal?
Ambekar arrested in fresh case of property grabbing
Feb 15, 2014
NAGPUR: City police continue to tighten the screw on gangster-turned-real estate dealer Santosh Ambedkar who was on Thursday arrested in a fresh case of alleged property grabbing. Ambekar, produced before the magisterial court on Friday along with two others, has been remanded to police custody till February 17.
Realty market slipped over 6 months: Study
Feb 15, 2014
MUMBAI: The real estate market has deteriorated compared to the last six months, according to a report released by Knight Frank India and the Federation of Indian Chambers of Commerce & Industry.
'Realty market worse than 6 months ago, but hope builds up’
Feb 15, 2014
MUMBAI: Property markets, including the National Capital Region and Mumbai Metropolitan Region, have got worse than they were in the last six months and the current mood is pessimistic across all zones, showed the maiden real estate sentiment index jointly developed by industry body Ficci and Knight Frank India, a residential and commercial property consultancy.
Vote on Account 2014: Indian real estate embracing change in the time of economic revival
Feb 15, 2014
MUMBAI: The past decade has seen the Indian real estate industry ride on a roller coaster ride through many highs and lows. This period has seen the expansion fury which gripped the sector with the market peaking in 2006 -2007 characterized by a growth in demand, substantial development and increased foreign investments. By mid-2008, this fervour was replaced by cautious evaluation of business models and plans, which was the key agenda of the business houses when the market loomed large with unc

Latest Realty News Of State

Realty Talk's