Property prices in India down across the board, so is this the time to sell your Indian property?

All big Indian metros, real estate sales are down
In the first quarter of 2011, home sales dropped 17% in Mumbai, 14% in Bangalore and 15% in Hyderabad. According to consultant Jones Lang La-Salle, unsold residential units in projects that are complete or are nearing completion in 6-12 months in Mumbai and Delhi-NCR are as high as 25% and 16%, respectively.

Interest rates up
In other big cities, including Bangalore, Chennai and Kolkata, the numbers range between 12% and 19%. Sales in tier-II and tier-III cities are steady, though there is some panic due to the increase in interest rates, which have climbed to about 11% from 8.25% a year ago.

Selling Indian property and real estate
Is it time to advertise and sell your Indian property? Stocks of unsold flats and apartments are growing, developers need cash fast, so selling Indian property investments now is advisable “if” your investment horizon is short term. prices will fall 10-15% in many areas. However if you suffered loses in the crash two years ago, prices have already returned so what is to say in three years time they will not again.

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Tags: advertise Indian property, property in India, Property prices in India, selling property in India

This entry was posted on Wednesday, June 15th, 2011 and is filed under Selling property and real estate in India. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.