Sitting on a goldmine of real estate data, we decided to share it with our patrons this time. Liases Foras summarises condition of property market in 35 cities across the country. The latest quarterly report that cover the dynamics spanning between July, August and September this year have been presented in the report.
It cover demand and supply, sold and unsold inventory, price movement, performance of units and flats as per cost bracket, performance as per the size of the flat among other key indicators. For ease, quarterly comparison and yearly comparison have been also provided. Download full version of our Q2 FY 2019-20 here. In case you feel like using the nuggets from the report, do give us credit.
Among the positive developments, market research team of Liases Foras found that prices remained stable across the cities. But people are still refraining from entering the market and extremely limited number of projects were launched.
Riding on the metro connectivity and better infrastructure, Hyderabad seems to hold a lot of potential. One can buy city specific report or location specific report from Liases Foras for making prudent investment decisions. Consulting and Advisory team of Liases Foras prepares tailor made reports for patrons.
A focused report on developers, locations, competitive analysis can be put together as per the brief within a week. The team also carry out valuation studies by visiting the land parcel and assessing the local market dynamics. Contact us for more details.
Among the pool of 35 cities, in some demand for projects priced close to Rs 65 lakh seem to be the most popular ticket size. Pune and Kolkata also offer promising returns if products and their ticket size are planned wisely.
In Mumbai Metropolitan Region, Panvel growth story seem to have ended abruptly. A lot of projects have been launched in recent years with developers trying to cash in on the hype around Navi Mumbai International Airport. But buyers have stayed away from these projects. However other suburbs in Navi Mumbai such as Airoli, Nerul and Ghansoli are attracting buyers.
It is time to tread with caution in the entire National Capital Region. We have specific inputs to offer for Delhi and neighbouring towns.
The outlook for 2020 looks promising given Union government is able to disburse the money it had set aside in September 2019 to revive stuck projects. Already 12 apartment complexes that required last mile funding in Noida and Greater Noida have sent their representation to the government. If the government is able to revive sentiments in NCR market, one can expect a promising year for the entire sector.