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The Manchester of South India, Coimbatore, is still brimming with a lot of positive energy as far as the real estate scenario is concerned. The city, with a population of 1.8 million people, has a few pan-India players in the real estate market but the 35-40 odd local developers are confident of staying in business [...]

A decision by DLF Ltd, the country’s biggest realty firm by market value, to reduce prices of its apartments in Chennai and Bangalore by between 10% and 30% could trigger a wider correction in what is still an overheated market, according to analysts and consultants. The DLF move will force other realtors to cut apartment [...]

Just when you thought real estate prices were beginning to stabilise, prices have dropped again. After DLF’s price correction in its Bannerghatta Road property, real estate major Sobha Developers dropped prices by a whopping 22%. Sobha was the first to effect a price drop of 8% to 10% three months ago. Now, some of its [...]

Buying home is everyone’s dream and it become very difficult in the current scenario. That too in the cities like Bangalore, Chennai, Mumbai, etc. it is even more difficult to afford a decent house or apartment. The reason is the properties are over valued and high rates of Home Loans. Information Technology (IT) development is [...]

The demand for Real Estate in smaller cities and towns has plunged nearly 35 per cent in the first seven months of the current fiscal, as many realtors deferred their projects owing to higher borrowing costs. The sharp decline in demand for property was witnessed in Tier II and Tier III cities including Pune, Chandigarh [...]

Real Estate developers in India should lower prices given the general slowdown in the Economy, the Confederation of Real Estate Developers’ Associations of India (CREDAI). “Some developers across the country have already reduced prices, CREDAI now requests all its members to do the same,” the real estate body, which counts over 3,500 developers as members. [...]

Many large realtors are in dire financial straits, their shares have been battered and real estate prices are dropping. As with all economic transitions, this one too has both good and bad aspects. The good comes from the fact that the vertiginous rise in real estate prices over these past five years had put home [...]

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Sobha DevelopersURL: http://www.sobhadevelopers.com Mantri GroupURL: http://www.mantri.info Prestige GroupURL: http://www.prestigeconstructions.com Puravankara Group URL: http://www.puravankara.com Brigade Group URL: http://www.brigadegroup.com Salarpuria Group URL: http://www.salarpuriagroup.biz India Builders Corporation (IBC) GroupURL: http://www.indiabuildersco.com Adarsh Group URL: http://www.adarshdevelopers.com RMZ CorpURL: http://www.rmzcorp.com