The Slow movement in the economy is the reason for a rapid rise
in the interest rates and undefined and unclear job prospects have hit the
robust demand for real estate. It has been observed that the sales volumes
declined 43% during 2013-2014 in the same period previous year, a latest report
released by Knight Frank. In spite of this, recent study says that annual rise
in the prices of housing units in the last eight quarters is around 10 per
cent.
According
to the recent study, the decline in the sales volumes is maximum in Northern
Indian market followed by western India, while the southern Indian market
observed high rise in the sales. Because of this, the market share of Southern
India based firms has gained the unexpected growth during the previous eight
quarters. “The real estate research firm Knight
Frank witnessed a keen survey on 25 listed real estate firms. But possible
efforts applied by many real estate companies, to deliver the luxury homes in reasonable
budget. It has been observed that by the real estate experts & researchers,
the sales volumes in the third quarter of 2013-2014 will decline by 57%. It has
been observed that the values of deluxe homes will increase in the coming
years.
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