Thursday, October 19, 2006

Current Trends in the Indian Residential Property Market

Found a few links to info I found interesting so I thought I'd share them with you. Enjoy!

Research Reports

  1. Outlook for India's Real Estate Markets is a Deutsche Bank study that tries to arrive at a broad trend for the next few years based on demographic / lifestyle changes in India
  2. A positive-sounding article talking about how Indian property prices will go up. Too generic in nature, though. Did not have the kind of facts and figures we'd all like to see
  3. An exhaustive document on the prospects of the real estate market by Trammel Crow Meghraj, where I noted two main points, namely that real estate in India averages about a 12% return year on year (which is almost as good as equity) and that the Indian market has already been through a boom-bust cycle which ended in 1999. Since then prices have been on a steady upward trend, but that makes one wonder when the next 'bust' would be! The only good news here is that it looks like the downward trend generally bottoms off at a higher level than the previous downtrend, implying a general increase in prices in the long term...

Property Prices

  • Market rates and prices for Bangalore, Delhi, Kochi, Mumbai and Pune
  • Some really super, up-to-date info on prices in various areas of Chennai, Bangalore, Delhi and Mumbai. The prices in Delhi and Mumbai are truly eye-popping! This site seems to be worth a visit now and then...
  • Some prices for Pune, but couldn't make out how recent this info is

I just realised that I've never found a site that can actually gives regularly updated info on residential property prices in a city or, even better, in a specific area in a city. Does anybody know of such a site or even a regular newsletter / report?

12 comments:

Manosh said...

Amit,

Any views on the Middle East, particularly Dubai?

Manosh

Amit said...

No clue on Dubai... but in my humble opinion, the analysis for purchasing property anywhere would be the same as for India. Take a look at some of my posts on the subject.

The other reason why you might want to buy something is to replace the rent expense with investment, which is a good motive in any part of the world (assuming property prices have a general upward trend and you're intending to hold the property for the long term).

property dealers said...

In order to know about the latest India real estates rates such as the prices of the flats, rented property and the NRI property, desired people can go through the site and collect the market information.

http://www.onlineghar.com/

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Property Duniya said...

Current indian residential property market is very high. Middle income group can't afford to buy even small 2 BHK Flat in metropolitan cities of India. Day by day India Property market rising.

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