NCR (National Capital Region, which includes New Delhi, India), is an entirely investor-driven market. A lot of property is being sold in sectors which may remain uninhabitable for a long time. The price rise post FY 2010-11 continued to be sharp and persists even today. After touching the threshold of 27 percent year-on-year in the second quarter of FY 2012-13, the growth rate has started to peter out. One can already see the correction in the secondary market in NCR. The situation indicates that the existing bubble in tier-I markets like NCR and MMR are at the threshold of bursting. Owing to the high level of unsold stock in these markets, the prices might soon begin to tip off. Read more: forbesindia/article/the-big-questions-for-2014/is-the-real-estate-bubble-big-enough-to-naturally-burst-in-2014/36797/1#ixzz2voMhfJ1T
Posted on: Thu, 13 Mar 2014 03:55:22 +0000
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