Browsing: Real Estate Data Misleading

Headlines Real Estate Market Trends, Residential Real Estate Trends, Trends in Housing Market, Property Data Missing, Authentic Reports in Real Estate

Macro trends in residential may be misleading

First, residential project delay is not a pan-India phenomenon and only limited to major metropolitan cities of Delhi NCR and Mumbai in terms of quantum as well as value of projects. Second, the slowdown in completion of projects is not across the entire spectrum of housing categories but significantly visible in upper-mid and premium categories. What is needed is perhaps a push from the government and funding agencies along with a strict code of conduct among developers which will improve the situation. Going forward, developers should take cognizance of the situation at hand and accordingly realign their marketing strategies so that their launches are in sync with people’s affordability and demand.