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Property News from IndianRealtyNews

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NHB Data Reports Fall in Property Prices in Seven Cities

Posted: 03 Jul 2011 07:36 PM PDT

Property prices in seven cities across India dropped by 2.63 per cent to 17.6 per cent during the January to March quarter, according to the latest data released by the National Housing Bank (NHB). Another five cities have shown a marginal change in prices in the same period. However, three cities showed an increase in [...]

Kochi Observer Decline in Property Rates

Posted: 03 Jul 2011 07:00 PM PDT

Real estate rates in Kochi have seen the maximum price drop of 14.85% in the Januray-March period compared with the preceding three months among Indian metros and tier II cities, according to the National Housing Bank's (NHB) Residex-an index of property prices. Almost eight cities have seen slight correction in the Janurary-March period. Bangalore and [...]

Real Estate Developers Setting Prefabrication Plants to Cut Project Costs

Posted: 03 Jul 2011 06:55 PM PDT

Real estate developers are setting up prefabrication plants to speed up construction and cut project costs as an acute shortage of labour and a rise in raw material prices threaten to wipe out the industry’s already wafer-thin margins. Between 2009 and 2011, labour costs have risen 50% while prices of raw materials-steel, cement and bricks-have [...]

No Check in Property Prices despite Sluggish Demand in Mumbai

Posted: 03 Jul 2011 06:42 PM PDT

Despite a sustained sluggishness in demand, property prices in Mumbai, India's largest real estate market, do not seem to relent. Experts say a reason for this is the financing structure of real estate projects, where many developers, especially unlisted ones, resort to discounted selling to speculators during the soft launch of a project. This, experts [...]

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