real estate is slowing in the real estate buyers, sellers, agents and contractors. However, it is the investors that the worst of the lot here. Persons who had purchased property expecting huge sums are in shock for a ride. Not only property prices stagnated but their overall appreciation has also gone down.
In addition, there are very few property buyers in the market at this time. Hence small investors have much to lose, while the big investors can still breathing may think that the market conditions continue to improve its investment and real profits.
India is not the only country in this crisis. Regional real estate markets are reporting similar trends. Pune real estate market is a case study here. Real estate transactions have stagnated in Pune.
A recent media report that the number of registrations at the regional property Registrar, the office has dipped by 10-15% last quarter compared to the corresponding quarter last year.
Private Pune property developers say that only serious property buyers are inquiring about the property. Since the surplus funds in the market are not available, thanks to the high level of home loans and bonds to strict conditions. Therefore, there are very few property buyers in the market. These figures are definitely gone.
Pune-based real estate brokers, such as Rohan Shetty of smart real estate are still optimistic about these developments. Shetty says that this recession or stagnation in the real estate segment was very predictable. It is therefore not come as a rude shock for real estate professionals. However, as the tides are not long, and he hopes that the good times back in the Pune Real Estate.
The current value for the residential apartment in Pune is between Rs 3,500-Rs 4500 per sq ft. The rental rates for a comparable dwelling is anything between RS 4,000-5,000 for a two-room apartment in areas such as Dhakwadi.
George Gonigal gives you the best and latest information on Pune Real Estate Builders, If you want to buy apartments in Pune, he suggests you log on to magicbricks.com
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Brendann
on วันเสาร์ที่ 1 สิงหาคม พ.ศ. 2552
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