Property prices poised to slide down further?

BrixBlog Moderator says: A property report by financial services provider Edelweiss expects real estate prices to decline by around 60% over the next five to six years from its peak in the first quarter of 2008. “Property prices in India increased sharply over the past 6-7 years, rising two and a half times over 2001 prices. We expect a price correction of 58% in real terms from the peak,” Edelweiss said in its report.

Market estimates show that property prices have stagnated, as compared to the values prevalent a year ago. And this too, has not stimulated much demand in the market. On the contrary the market has become stagnant. Buying and selling is happening only in desperate cases. Otherwise buyers are holding on to their cash and sellers are holding on to prices.

Does further correction in property prices mean good time for buyers? Or, does it indicate further stagnation in the market.

Please answer in the 'comments' section.

DLF to build home for ‘aam aadmi’. Is the market reviving?

BrixBlog Moderator says: Economic downturn has forced property builders to re-consider their plans. The country’s leading property builder – DLF Ltd. – has announced housing projects for ‘the common man’. This announcement comes at a time when property builders are shelving off expansion plans. DLF has always indulged in luxury projects. This is a new initiative for the builder. 

Will this revive demand for housing? Are you interested in new projects being launched at this time?

Carpet area v/s built-up area. Do you know these terms?

BrixResearch Moderator says: Property-related terms can confuse many. Often users are confused between terms like carpet area, plinth area, built-up area and super built-up area. These terms are used widely by developers to define the area space being offered in their property.

Do you understand the terms carpet area and built-up area?
- Yes
- No
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Is this the right time to buy property abroad?

BrixResearch Moderator says: Property markets across the world have shown signs of recessions. Property prices have mellowed down all over as there are very few buyers for real estate at this point of time. Financial crisis have added further pressure on the real estate sales.

It is estimated that property prices in the US have plunged by as much as 50-60%. Is it a good idea to buy/lease property abroad when property prices there are so low?

Share your views in the ‘comments’ section.

Is property sector regaining?

BrixBlog Moderator says: Interest rates have been slashed by most banks. The government is considering measures to boost the real estate segment. Does this news impact your property buying decision?

Share your in views ‘comments’ section.

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Will govt stamp boost the prospects of property segment?

BrixResearch Moderator says: The big-wigs of property segment like DLF and Omaxe have been asking for an industry status for the property segment. Currently, property is considered as an ‘industry segment’ only. On the other hand, the Confederation of Indian Industry (CII) has recommended setting up of a national infrastructure implementation and monitoring agency. This stature will ensure more funds and active fund regulation into the sector.

Will all these measures boost the prospectus of real estate segment?

Share your opinion in the ‘comments’ section.

Will freebies boost property sales?

BrixResearch Moderator says: Property builders have lined up a series of lucrative offers to boost sales. Some are offering free Mercedes or BMW, or at least a few gold coins to lure buyers. In some cases, even a small flat is being thrown into the deal for those eyeing premium segment bungalows.

Will these offers pull new buyers into the market? Do such marketing tactics work well in a stagnant market?

Share your views in the 'comments' section.

Have property transactions taken a dip?

BrixResearch Moderator says: Economic slowdown has impacted market and trade segments all over the world. First it was the share markets and now it is the job scenario.

Property segment has also witnessed a slowdown in this phase. Some are calling it ‘stagnation’, while others are describing it as ‘correction’ of the property market. Are fresh transactions still happening in the market? Have property deals deflated from their estimated mark?

Please answer in the ‘comments’ section.