In 2011 the Indian real estate  sector  had to grapple with a loss of reputation with its alleged link to the 2G scam, but also dwindling sales and funding constraints.

Huge Drop in Sales
A huge drop in sales due to mounting interest rates which hurt both, cash flows and customer demand, and launches came to a grinding halt. Mumbai real estate was the worst affected. Other markets like Bangalore real estate and NCR continued to see sporadic sales. But even here, the trend was definitely downward.

Priyanka Ghosh of CNBC-TV18 wraps up 2011.

Indian’s and NRI’s investing in property in India this Diwali face a strange scenario this Diwali.

Mumbai property developers are slow to launch more projects while Bangalore and Delhi developers are cutting some real estate prices.

Trend of lower launches
The trend of lower launches is truer in Mumbai than other cities. Unitech, Godrej Properties, JP Infra and Sobha Developers, for example, have launched multiple projects in cities other than Mumbai in the past few weeks. In Mumbai and its suburbs, there isn’t much talk of new launches barring a couple from firms like Rustomjee, Pallonji, Lodha and Bombay Dyeing.

Hidden discounts
It’s not just about permits. A lukewarm demand has developers treading with caution. There is no indication just yet that home prices will come down. However, experts say there are certain hidden discounts that developers are offering.

VGN Brixton, is coming up at Irungattukottai, opposite Hyundai, has been designed to offer a wide range of apartments for everyone to choose from.

23 acres with 1872 units
The project, spread across 23 acres, will have 1872 housing units covering a total built-up area of 1.6 million sq.ft.

Two and three BHK apartments
The project comprises of two and three BHK apartments ranging from 740 sq. ft. to 1,235 sq. ft., and is loaded with superior specifications and lifestyle amenities to provide a comfortable living.

Set to become one of the best living destinations
With better commuting facilities and a six lane high way, VGN Brixton is all set to become one of the best living destinations in the fast developing corridor in the region

Godrej Group launches Garden City project in Ahmedabad India.

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Jones Lang LaSalle the leading real estate firm explain why they feel the Indian property market will grow and pick up in the major Indian cities.

They predict residential real estate in India will be robust as demand is high, retail property sector to grow while Indian office rentals will be slow and rents have dropped.

Sell property in India

Tier 1 & 2 Indian real estate prices are slowing down, with many investors selling Indian properties for fear of correction. Limited interest and demand means Indian real estate prices are dropping in these cities.

what is your view? Is it time to sell Indian property or a good time to buy Indian property bargains?

Post your comments below

Residential real estate in Bangalore is supported roughly 50% by IT employees but the market is expected to remain strong with salaries and job numbers increasing. To find out more about Bangalore real estate wathc this video now.

India’s economy is primarily driven by domestic sources of growth, unlike other emerging economies which rely heavily on exports. This helped India’s economy during the crisis, growth was sustained and in fact, India will be leading global growth for at least the next two years.

Interested in buying, selling or renting residential properties or real estate in Maninagar, Ahmedabad?
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Property in India’s financial capital Mumbai is among the most expensive in the world.

But the high demand for housing and homes in India is coming at a cost to the poor according to Prerna Suri. She reports Families of Dharavi slum are being evicted to make way for billion-dollar apartment and real estate developments in Mumbai.