Top 10 trends in Indian residential sector

Date : May 23, 2014

Demand is on the slowing curve in NCR-Delhi, but stable in all other cities, primarily on the back of new launches in emerging residential corridors being able to attract buyers.

JLL India has come out with its report on residential sector.

India’s residential sector is passing through interesting times. Through the microscopic lens of our Real Estate Intelligence Service, we have identified the top ten trends of the Indian residential sector over the past two or three quarters.

1.Supply – is showing variable signs of cyclical ups and downs depending on launches. Affordable and lower-priced residential corridors were the prime drivers of new launches.

2.Demand – on the slowing curve in NCR-Delhi, but stable in all other cities, primarily on the back of new launches in emerging residential corridors being able to attract buyers.

3.Vacancy rate – in terms of available apartment units, has risen across all cities

4.Rents – have risen marginally across the residential markets of Mumbai, Bangalore, Chennai and Pune.

5.Capital values – have steadily risen across cities. Slowing sales momentum has tempered price growth in the Tier 1 cities.

6.Type of project launches – primarily in the mid-segment category comprising two and three bedroom-hall-kitchen configurations. Developers also launched studio apartments as low-ticket sized projects to attract buyers.

7.Emerging corridors – developers explored newer corridors in cities such as Sohna and NH-24 (NCR-Delhi), Ulwe and Karanjade (Mumbai) and Hennar Road (Bangalore) to offer lower-priced projects to buyers.

8.Infrastructure – projects planned and underway were positioned as pull factors for residential projects launched in the vicinity of such infrastructure developments.

9.Buyer/investor sentiment – remains weak given the high interest rates and rising residential prices.

10.Developer sentiment – is tied to the result of the country’s ongoing general elections. Developers are taking a wait and watch policy, holding prices.
 

Source And Courtsey By :- http://www.moneycontrol.com/news/real-estate/top-10-trendsindian-residential-sector-_1090109.html