Arthur Vasquez || Real Estate Property Values In Today's Market India


Real estate property value in today's market does not hold promise though it would be inappropriate to call it bleak. Those expecting a rise in prices in 2018 are likely to get upset. However, the recent reforms in the real estate sector will boost the confidence of the home buyers and sales are likely to gather pace this year.


In 2018, the real estate market is expected to reflect price levels on a similar scale like the one witnessed in 2017. The year will be a good time to purchase a property. The market will offer a plenty of options in ready-to-move inventory since more project completions are likely to take place this year.


An amazing recovery in the residential market in 2018 is a far-fetched idea. But it is certain that whatever recovery and growth we achieve now will become sustainable and backed by robust market fundamentals. The days of speculative peaks and troughs are a thing of the past.
The Indian residential market is undergoing a 'price crack' for the first time in many years. Property prices have fallen in the second half of 2017 by a weighted average of 3 percent across cities versus the year-ago period.

Prices in Pune declined the most at 7.3 percent, followed by Mumbai (5 percent), Bangalore (5 percent), Kolkata (5 percent), Chennai (3 percent), and NCR (2 percent). Only markets with ready to move inventory such as Hyderabad and Ahmedabad saw prices going north by a thin margin of 3 percent and 2 percent respectively.

The depressing property rates show the ongoing stress in the residential real estate sector. The impact of slowdown due to demonetization, the enforcement of the Real Estate (Regulation and Development) Act (RERA), GST, and the trust deficit in developers have hit the market.
Housing project launches in 2017 crashed 41 percent to 1,03,570 units in just one year - a staggering climb down of 78 percent from the peak of 4,80,000 units launched in 2010. Sharper declines followed in NCR at 56 percent in 2017.

Housing units sold across India in 2017 dropped 7 percent to 2, 28, 072 units vis-a-vis 2016 and declined 38 percent since the peak in 2011.

Location: Denver, CO, USA

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