Is it right time to Invest in Real Estate?
Mumbai, Delhi Realty Prices To See Correction Of 10-15% : 4 Feb 2011 Business Standard
Increasing interest rates are likely to see customers defer purchases. Real estate prices in parts of Delhi and Mumbai may correct 10-15 per cent in the next few months, as rising interest rates could see customers defer their buying decisions, according to builders and real estate experts in these cities.
Realty Prices To See 10-12% Rise In '11 In Bangalore: 31 Jan 2011 Business Standard
Realty prices in Bangalore are expected to witness a rise of 10-12 per cent in 2011 on the back of rise in input prices along with hardening of interest rates. However, demand will remain strong with sound volume growth for most of the realty developers in the current calender year despite a possible rise in home loan rates. "Demand will remain robust and there will be sound volume growth in Bangalore as the interest rate hike will not substantially increase home loan rates," Mr Sushil Mantri, president of Confederation of Real Estate Developers' Association of India (CREDAI)-Karnataka said. He also said that there was minimal inventory level in Bangalore market after encouraging absorption last year. Referring to South Indian market, he said there was no noticeable rise in property prices like Northern and Western part of the country in the last one year. "Price rise in last one year was around five to 10 per cent across properties last year," Mantri said. However, he said operating margin would be under pressure this year on the back of rising commodity prices.
1 Feb 2011 news.in.msn.com : Realty Exposure Of Banks Grows 20.4% In Dec 2010
The Reserve Bank of India has revealed that the credit off-take by the realty sector grew by 20.4 % on a y-o-y basis in December 2010 as compared with a growth of 14.5% in the previous year. On a financial year basis, it grew 14.4% against a decline of 5.3 % a year ago.