Bangalore, September 11, 2014 – Colliers International report India Residential Property Market Overview – August 2014. The report will provide you a quarterly review of 8 major residential markets in India including Mumbai, Delhi, Gurgaon, Noida, Bengaluru (Bangalore), Chennai, Kolkata and Pune. The Highlights of the report are as follows:
HIGHLIGHTS
- There was an increase in enquiries from buyers this quarter across all the major cities but only Bengaluru, Chennai and Pune witnessed an increase in transaction volumes.
- Bangalore, Chennai and Pune also witnessed increase in launch of number of new projects in mid and affordable range.
- In cities such NCR and Mumbai, developers continued to promote their unsold stock by offering innovative payment plans.
- Capital values remained stable in NCR and Mumbai while Bangalore, Chennai and Kolkata witnessed 2-12% increase QoQ.
- We anticipate a stable price scenario except in Bangalore, Chennai and Pune which may see marginal appreciation in affordable and mid-size category due to firm demand. CCI Newswire
