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Residential Property Research and Forecast 2Q2015: Colliers

With volatility in the stock market, and inflation taming down, we expect investors to relook at the residential real estate sector. The improving economic sentiment and upcoming festive season will also help to improve sales primarily in the affordable and mid-income segment homes.

During the second quarter of 2015, an increase in the number of enquiries for residential properties has been observed. However, transaction volumes continued to remain low across major markets barring cities like Bengaluru, Chennai and Pune.

We do see green shoots in the good response that some new launched projects have seen this year and developers have continued offering possession-linked payment plans, discounts and freebies to provide much needed comfort to buyers. Capital values remain stable in most cities; however select micro markets with inherent demand witnessed increases in the range of 2 -5% QoQ.

Colliers View: With volatility in the stock market, and inflation taming down, we expect investors to relook at the residential real estate sector. The improving economic sentiment and upcoming festive season will also help to improve sales primarily in the affordable and mid-income segment homes.

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First Published on Sep 23, 2015 04:50 pm
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