Home » News » Real Estate
Feb 22, 2012, 06.49 PM IST | Source: Moneycontrol.com

New realty launches could trigger price fall: P Lilladher

Prabhudas Lilladher has come out with its report on real estate. As per the research firm during the festive season received a tepid response as affordability issues continue, a large stock of new supply could act as the trigger for the much anticipated price reduction that buyers have been waiting for in the Mumbai realty market.

Prabhudas Lilladher has come out with its report on real estate. As per the research firm at a time when new launches during the festive season received a tepid response as affordability issues continue, a large stock of new supply could act as the trigger for the much anticipated price reduction that buyers have been waiting for in the Mumbai realty market.

• Sales registrations down 13% YoY at 4,427

• Slew of launches expected post clarity on new DCR rules and conclusion of BMC elections

• Large supply build-up from new launches could trigger the much awaited price reduction

• Lease registrations up 10% YoY to 9,111

Jan 2012 sales registrations are down 13% YoY and 25% MoM to 4,427. Post the spike witnessed in December, sales registration have reverted this month to ~4000-4500 levels seen in Jun-Nov 2011.

The city’s realty scenario is interestingly poised post the conclusion of the BMC elections and clarity on new DCR rules emerging in the last two months. A number of projects which were stuck up at the approval stage in the last year are likely to be cleared, paving way for a large number of launches hitting the market. At a time when new launches during the festive season received a tepid response as affordability issues continue, a large stock of new supply could act as the trigger for the much anticipated price reduction that buyers have been waiting for in the Mumbai realty market.

Also, we could see more land deals happening as developers are now sure with the introduction of the new DCR of how much they can build and sell. We are already seeing media reports of possible land deals by developers like HDIL who are looking to sell off land to pare debt levels.

In terms of lease transactions, December numbers stood at 9,111, exhibiting a growth of 10% YoY and 8% MoM.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

Set email alert for

ADS BY GOOGLE

Ask the Experts

Get your Personal Finance queries answered

  • Q

    Is Reliance Top 700 growth Fund good for long term....?

    A

    STU...

  • Q

    How safe are government linked bonds to invest in?

    A

    A government bond is a bond issued by a national government, generally with a promise to pay periodic interest payments and to repay the fac...

  • Q

    Sell YES Bank, Axis Bank: Manas Jasiwal

    A

    You are good...

  • Q

    IS HDIL good for long term ?

    A

    Shashikant's latest post...

  • Q

    How to plan my retirement?

    A

    Earn as much as you can...

  • Q

    Does 07 levels should be seen in copper v=0.2?

    A

    testing ...

  • Q

    Is Reliance2 Top 600 growth Fund good for long term....?

    A

    yyuguuiiuiu...

  • Q

    Which MF gives the best returns?

    A

    Will answer in some time...

  • Q

    ooooooooooooooooooooooooooooooooooooooooooooooooooo

    A

    Test2...

  • Q

    Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum - :)?

    A

    electronic typesetting...

  • Q

    Is short covering bounce over?

    A

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam at blandit quam, at faucibus diam. Praesent et quam non metus posuere finib...

  • Q

    Sensex, Nifty continue?

    A

    Nifty shares better than sensex...

  • Q

    Is investing in IPOs a safe and profitable way of investing in shares?

    A

    An investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as st...

  • Q

    Where to open DEMAT account?

    A

    Agents selling Mutual Funds often use jargon that investors find difficult to comprehend. Steering away from complicated terms, we explain t...

  • Q

    How to invest in shares 232?

    A

    Use the Demate A/c for shares_1...

  • Q

    pppppppppppppppppppppppppppppppppppppppppppppppppppppppp

    A

    nobody can understand this...

  • Q

    What is the best tax saving option1 ?

    A

    hi good morning 1...

  • Q

    1. Sensex, Nifty still sluggish; rupee at 20-month low....

    A

    Nifty...

  • Q

    Does 07 levels should be seen in copper v=1.0?

    A

    Copper is a chemical element with symbol Cu (from Latin: cuprum) and atomic number 29. It is a ductile metal with very high thermal and elec...

  • Q

    Fédération Camerounaise de Football -test2

    A

    child?s education or marriage, your car or vacations...

Tools

Use this calculator to understand and apply the astounding power of compounding. After seeing the results, you'll want to try and start investing as soon as possible !

Check Now

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.