Gurugram’s real estate market is slowing. High-priced property sales are down. However, homes costing between Rs 2-4 crore are still popular. A report by Antique Stock Broking shows developers are giving big discounts. Top developers should be fine.
Noida’s market remains strong. It still faces a shortage of homes. Developers with strong finances are competing hard. They want to buy new projects. This is especially true for redevelopments in MMR and Gurugram.
This competition could lower profits. Companies with many projects planned will be in a good spot. Outside the north, Bengaluru saw good home sales in July and August. This was surprising given IT job cuts.
More visitors are buying homes. Properties under Rs 20 million are selling well. Homes over Rs 20 million are also selling. Buyers get deals like flexible payment plans. Pune is also seeing strong sales. Hinjewadi and Hadapsar are key areas.
Interest rates are dropping. The repo rate is 5.5 percent. A further cut is expected. Inflation is low at 1.55 percent. Tax relief for incomes up to Rs 12 lakh is helpful. Good rains and strong GDP growth also help housing. However, global trade worries and IT layoffs are risks.