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
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.