Over the last six months, the housing market in Mumbai had started showing signs of revival after an 18-month period of sluggishness beginning in the 4th quarter of 2010. The hiked Ready Reckoner rates could dampen that revival.
Gurgaon’s residential market performed decently in 2012, but the performance was not uniform all across. There were high levels of unsold inventory in some of the projects, while many others sold exceedingly well.
Our reaction to Union Budget 2012-13 is mixed at best. It seems fair to state that the Indian real estate sector does not have much to cheer about. it is difficult to see the raising of the personal income tax exemption limit from Rs 1.8 lakh to Rs. 2 lakh as anything more than tokenism. It is certainly not relevant for the aspiring Indian middle-class home buyer.
Franchising is basically the replication of a successful business model format across locations through like-minded partners. As long as the model is self-sustainable, workable and partners for sharing one’s vision are available, one can franchise any business. Malls, as relatively novel retail formats, are the perfect venues in India
The residential property prices are exorbitant at Mumbai’s prime locations. 180 units sold in Mumbai from January to March 2011 were priced above an average capital value of Rs 20,000/sq ft. No wonder that the market is slowing down perceptibly now. Around 3,350 units priced at Rs. 20,000/sq ft and above remained unsold by the end of March 2011 in the city.