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Thursday, 20 December 2012

Indian Real Estate Market Forecast in 2013

According to real estate expert the real estate market will improve moderately in 2013.The property prices have breached affordability limits in cities like Mumbai. However, real estate developers will have to factor in the ground realities of the business while discussing the lowering of prices to catalyze sales in 2013. Builders are already overwhelmed with the increased rates of construction cost and cost of license.
real estate market in 2013


It has been found in year 2012 that residential properties are not selling at current price point. But in 2013 the only way to catalyze healthier sales is offering buyers tangible financial relief. The cities of India will see an increase in residential launches in 2013. In 2012 the southern cities of Bangalore and Chennai had recorded historical high in terms of the number of launches during 2012.

To attract property investors, developer will also offer attractive benefit on pre launch property investment. While developers with large scale real estate projects will be under greater pressure to offer discounts than smaller projects.

In past three years Pune has recorded an average of close to 6000 units per quarter. As a real estate market in pune has grown too fast in short time, so the launches in Pune will be moderate in the near term.

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