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The latest inflation rates shows that India's inflation rate is one of the highest in Asia with an annual rate of about 10%. The rupee meltdown has impact on foreign investments in India. The land acquisition bill may increase the cost for developers at least in the medium term. 

 

India's economic output has been declining and macroeconomic situation is not very bright. If internal consumption starts to dip, the economy could start to shrink and may impact inflated real estate prices in urban cities. The speculative markets may have severe impacts once the downturn is evident.

 

The city of Chennai has seen a dip in real estate prices of over 2.5% in the last quarter. With a downturn in real estate prices, can 2014 be a buyers market? It may interesting to track the real estate prices for the next few months. The biggest fall may be evident in peripheral areas which has seen spectacular growth during the last few years. A drop of 20% in real estate prices in suburban areas seems to suggest that the prices grew before infrastructure development could keep pace with the prices. The commercial real estate market seems to have slowed down and many developers have switched to residential projects. It may be interesting to see the extent of price dip beyond which the market can start to grow again. 

Comments   

+1 #3 Apartments in Pune 2013-11-22 10:05
Even if the dollar price is changing NRIs are still interested in buying homes in pune. But the inflation rates will surely impact real estate industry as far as Indian buyers are considered.
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0 #2 Flats in Pune 2013-11-01 10:42
Really The Real Estate Business also gets hamper from this Falldown in Indian Economy.But still the Real Estate in India had not suffered a much more compare with other sector.Builders are still sale their property at old rate.the Those Builder who Provides the luxorious Flats in Pune also sale their Property at Old rate.
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+1 #1 optimist 2013-10-08 23:45
With the problems in US, hopefully this situation will get better.
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