property news India

Property news India

Posted on Posted in Latest property News Gurgaon

Property news India

Real estate news Delhi NCR

Real estate news Gurgaon

Latest Property news India is that Real estate market seems upgraded with few news like Godrej selling Villas over 300 crores in Noida and the affordable projects were most selling in this festive season of Diwali.

Residential sales across eight major cities in india improved within the second quarter of 2016-17, particularly throughout the festive season. additional improvement is predicted once cheaper residences are obtainable in these markets.
On Associate in Nursing annual basis, residential sales across eight major cities in India improved within the second quarter of 2016-17. Sales were dominated by the city Metropolitan Region (MMR) and national capital Region (NCR) that have shown 39th and 11 november growth, respectively, on a year-on-year basis.

Ahmedabad and kolkata also saw an improvement in sales, says the residential market report of the second quarter of economicyear 2016-2017 (quarter ending september 2016) by Liases Foras released today.
Interestingly, improved sentiments were evident even throughout the period of pitra paksh, a time thought-about in auspicious for big-ticket purchases by several Indians, says Pankaj Kapoor, managing director of Liases Foras.

Since the gap between affordability and costs has reduced and residential loan rates have come down, costs have additional or less remained unchanged.

Also, consumers are preferring ready-to-move-in properties that are obtainable aplenty in NCR, particularly in areas like greater Noida West, he says.
It has additionally been discovered that regarding 30 minutes to 400th of the sales has been recorded within the projects that are nearing completion, says Kapoor.
The approaching quarter is predicted to be sensible as sales throughout the Diwali season have improved. Going forward, it’s only attending to improve if costs don’t go up and interest rate come down further, Kapoor adds.

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