Ahmed­abad – A ris­ing star

Qual­ity in­fra­struc­ture, com­pet­i­tive costs, a ro­bust law and or­der sys­tem and rel­a­tively lower cost of liv­ing make it one of In­dia’s most promis­ing realty des­ti­na­tions

HT Estates - - HTESTATES -

high inventory costs.

In Delhi NCR the de­mand re­mained healthy with re­lo­ca­tion and con­sol­i­da­tion along with fresh ex­pan­sion ac­tiv­ity be­ing vis­i­ble in the of­fice mar­kets. In the re­tail space, de­mand con­tin­ued to be slow. Most real es­tate ac­tiv­ity was con­cen­trated in the un­der-con­struc­tion malls. Re­tail­ers were con­sid­er­ing com­mer­cial prop­er­ties only at the prime malls and were will­ing to re­duce store size as well. In the res­i­den­tial space, de­spite preva­lent price dis­counts and at­trac­tive pay­ment plans, few pur­chases hap­pened. Res­i­den­tial launches in Delhi NCR have re­duced dur­ing the past month.

In Hy­der­abad, leas­ing ac­tiv­ity con­tin­ued to re­main sta­ble in the month of Oc­to­ber. The limited sup­ply in key sub­mar­kets con­tin­ued to push rents up­wards. Res­i­den­tial de­mand in Kolkata was sta­ble. How­ever, ab­sorp­tion lev­els re­mained low de­spite the avail­abil­ity of a large inventory base. Mumbai, on the other hand, wit­nessed a mar­ginal fall in terms of de­mand last month (in com­par­i­son to the pre­vi­ous month) mostly be­cause de­vel­op­ers were con­cen­trat­ing on dis­pens­ing un­sold in­ven­to­ries. In Pune the de­mand was mostly con­cen­trated on fresh projects. Un­der-con­struc­tion projects wit­nessed sub­dued de­mand.

FILE PHOTO

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