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Magicbricks Moderator says: Economic slowdown is a blessing in disguise for many. While some real estate developers have frozen their expansion plans, many others are still optimistic and making the most of falling markets. For example, rental values have stagnated for most prime locations. Many retailers, who had once shunned expansion owing to high rentals, are reconsidering expansion.
Will falling rentals trigger demand in the market? Will retailers or individuals think about renting/leasing in this ‘slow’ market?
Need your opinions on this. Please write in the ‘comments’ section.
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The real estate down turn will continue for at least 3 years, as the investor and the NRI from the financial sector has gone and will be gone for at least 3 years. In addition,developers are now selling at less than DDA rates (DLF in West Delhi) so tolerance for high prices has completely gone.
There is a huge demand for property as the applications for DDA flats show, if prices (sales and rentals) are corrected by about 35% to 50% immediately, every property will be sold out at once and the market sentiment will improve.
Posted by: Asha | April 20, 2009 at 02:11 PM
WANTED COLLABORATION FOR MY INDIRAPURAM PLOT 220 SQ.METER.
CONTACT UMESH MATHUR
09899449888
5B-PKT.A GTB ENCLAVE DELHI 110093.
mathur.umesh@indiatimes.com
Posted by: umesh mathur | April 14, 2009 at 11:32 AM