Various issues like delays in delivery, oversupply, speculation and infrastructure deficit have been plaguing these markets, rendering them unsuitable for first-time home purchase.
Before negotiation for a property, do your groundwork about the project, its developer, his credibility and track record of previous projects, the location and prices in the vicinity, and trends in the property market. But remember, every negotiation has a breaking point, and one should never go as far as to breach that point.
According to industry body estimates, the Indian IT and BPO sectors employ close to four million people in over 16,000 companies and the middle management is at maximum risk of job loss in these times of disruption, increased automation and artificial intelligence.
Pune is expanding in many directions, the most critical direction is obviously towards Mumbai. The important task at hand now is to open up more and more areas along the Mumbai-Pune Expressway for good quality real estate developments.
Anarock Property Consultants' has signed a significant land deal for 20 acres at Kolkata's 262-acre Batanagar township.
Despite the pandemic, luxury housing (priced >INR 1.5 Cr) in Delhi-NCR performed reasonably well in 2020. Noida witnessed total housing sales of ~3,240 units in 2020 of which luxury comprised a 9% share. Gurgaon sold a total of ~7,240 units of which luxury homes comprised a 5% share.
Strategically located off the Pune-Mumbai Expressway, Punawale has emerged as a flourishing real estate hotspot in West Pune.
The year 1999 saw the formation of the Confederation of Real Estate Developers' Associations of India (CREDAI). The mission of this association of real estate developers was - and remains - to implement self-regulation among developers, and ensure that all member builders work in a cooperative and well-planned manner.
• Of 24% respondents who have booked property in the last six months, 38% were NRIs. 67% NRIs are looking for ready-to-move-in options. 86% NRIs will buy properties from branded developers
While Pune is expanding in many directions, the most critical direction is obviously towards Mumbai. The important task at hand now is to open up more and more areas along the Mumbai-Pune Expressway for good quality real estate developments. This process is underway and is constantly bringing the two cities closer together.