The sector's performance in delivery also saw a decline -- only 23.5 per cent of the committed units were delivered during the first six months of this year, show data from research firm PropEquity.
Bankers say loan demand was more muted this festival season than last year.
The inventory has risen to 83 months in the National Capital Region and 50 months in Mumbai.
Discounts up to 15% expected this festive season; analysts expect October-December period to garner sales of at least 60K units across seven major cities.
Home seekers demand has exceeded supply and hence there is a possibility of rentals going up by atleast 10 percent.
Experts attribute this to economy slowdown and political uncertainty with the general elections round the corner.
Here's what's buzzing in Mumbai if you are looking out for real estate appreciation...
At a time when others are cutting on development of commercial property, plans to add 50% more of IT space.
Car sales dipped by 2.55 per cent in October, as the festival season demand for auto remained in slow lane.
Life Insurance Corporation of India has over Rs 7,000 crore in tax demand pending against it, the biggest across various categories.
These projects will be undertaken by BMC, Mumbai Metropolitan Region Development Authority, Maharashtra State Road Development Corporation.
A look at few marquee projects that are stuck for several reasons.
"We respect the Supreme Court order. We will take suggestions from legal experts to see whether there can be a middle path," Sharma said.
'After household expenses, we are left with nothing...' 'Sometimes I think it is better to shut the store...'
'People are angry.' 'First notebandi, then GST, now losses on the farm have ruined us.'
Reforms do happen and one example is Odisha which has taken steps to create a dedicated municipal cadre.
The seasons in 2012 and 2013 went by with hardly any property launches, mainly due to an economic slowdown and a need to clear the backlog
Former media baron Peter Mukerjea, husband of prime accused Indrani Mukerjea in the Sheena Bora murder case, was on Friday charged with murder.
'If enough of us take up the issue with their elected representatives, politicians will get the message.'
Realty plans hit roadblock; delay could hit modernisation
120 new malls came up in last two years, but 30-40 of their older peers downed shutters
.jpg)
As home deals are down to a trickle, most are looking at life beyond broking.
An airport in Noida could lead to higher user fees and diversion of traffic from Delhi, which has huge unused capacity.
The real estate sector is set to enter a progressive phase in 2015.
With prices unlikely to run up sharply, genuine buyers can start readying deals before the festival season starts.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances