MUMBAI: According to research firm, Liases Foras, property prices in the past three months ending March have risen by three percent over the previous quarter. This is a reversal to the trend in the quarter ended December 2012, when prices marginally dipped by one per cent over its previous quarter.
Despite the marginal dip in prices during October-December 2012, only about seven per cent of the total inventory was sold. This led to a major inventory pile-up that will take at least 40 months to clear at the current pace of absorption, says a report by Foras. At present, the city's property market has an unsold stock of over 133.39 million sq ft. A healthy market does not maintain more than eight months of inventory ideally.
Data by Liases Foras also points out that the weighted average price of the unsold inventory in Mumbai Metropolitan Region (MMR) between January-March comes to Rs 11,626 per sq ft. As against this, the average price of the homes sold in the same period was Rs 8,972 a sq ft (23 per cent lower).
While the current rate of property stands at Rs 11,626 per sq ft (for the quarter ending March 2013), it was much lower at Rs 11,295 per sq ft in the previous quarter.
Though sales during the quarter happened across segments with buyers mainly looking at affordable homes, the report states that the maximum number of homes in the unsold stock are in the range of Rs 1crore to Rs 2 crore.
Anda sedang membaca artikel tentang
Housing property prices in the Mumbai metropolitan region have started rising again
Dengan url
http://cegahkeropostulang.blogspot.com/2013/05/housing-property-prices-in-mumbai.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Housing property prices in the Mumbai metropolitan region have started rising again
namun jangan lupa untuk meletakkan link
Housing property prices in the Mumbai metropolitan region have started rising again
sebagai sumbernya
0 komentar:
Posting Komentar