skyline construction bangalore

1. Real Estate Market Unlikely To Witness a Crash by Skyline Construction Bangalore

2. The prices in the Indian residential real estate market have remained stagnant for more than two years now and are unlikely to see major correction, reflects Magicbricks.com's latest Price Trend Report. • The report consists of the evaluation of the weighted average price for 11 major cities - New Delhi, Gurgaon, Mumbai, Pune, Chennai, Bangalore, Noida, Kolkata, Ghaziabad, Ahmedabad and Hyderabad. The analysis has been done for a two year period from quarter ending July-September 2013 to July-September 2015. The database of actively listed properties on Magicbricks for each city has been used for analysis. • The report reflects that prices have either seen marginal increment or have actually gone down. Even in cases where there has been some increment, adjustment for inflation erodes any increment. Therefore, while developers have not explicitly reduced prices, there is an element of 'time correction' of prices. On an average, properties cost same as two years earlier. This is the implicit correction in prices.

3. The argument of large unsold inventory leading to price correction does not hold true because the inventory is not homogenous in terms of development status. Projects are in different phases of construction and subjected to different pressure. Those closer to completion have lesser reason to reduce prices. • And unless a consumer is confident of timely delivery, consumers are unlikely to opt for discounts in projects at low to intermediate stage of construction. The report also concludes that while large unsold inventory would continue to put pressure on the prices, the market is unlikely to see major correction. • E Jayashree Kurup, head of content and research, Magicbricks.com says, "Despite facing rough conditions over the past two years, real estate industry has ended on a positive note in 2015. The market is at its lowest and this is the right time to invest in the market. • Recent government initiatives like the Real Estate Regulatory Bill which will help in cleaning up and organizing the industry, has generated positive consumer sentiments across the country. Smart city missions will spruce up TIER II cities, resulting in higher accommodation capability which in turn will reduce the pressure on the TIER I cities."

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