India’s real estate market in 2015 witnessed a fall in property prices, slowdown in demand, an increased inventory collection and displeasure among the real estate industry players.
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Ups and Downs of Real Estate in 2015
1. Noida Real Estate in 2015 At a Glance
2015’s Real Estate Story is
full of Ups and down .
Fall in price of property and
increased inventory
slowdown the real estate
market.
However, Some Decision
taken by the government
boost up the real estate
market.
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2. Estimation of Real Estate
In 2015
Decline in Property SaleSlowdown In Demand
Fall In Property Price
Pile Up Inventory
4. Residential Property In 2015
2015 unable to bring any delight to the real estate market
with the stack of inventories and buyers taking a backseat
largely on the account of delay in projects.
Sales were marginally down to 1.16 lakh apartments in
the first nine months of this year.
Launches of new homes reduced drastically this year, still
over 6 lakh housing units remain unsold in eight big
cities.
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5. Commercial Projects in noida -2015
commercial segment performed relatively better than
residential.
commercial space absorption during 2015 stood at
35 million sq. ft. – the second-highest figure in the
country’s history after 2011.
While pan-India vacancy still stands at 16 %, realistic
vacancy actually stands around 8 to 9 % – the total vacant
supply is not relevant for all time to the corporate
occupiers
6. Union Cabinet’s approval of the Real Estate Bill
Expected to growth of Residential Real Estate Market
Decreases The Unsold Unit Of Residential Property
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7. Proposed Metro Increase The Demand Of
Residential Property In Noida Extension
Praposed metro which connects
the delhi/ncr which makes
traveling of peoples
so easy and comfortable .
It boost up demand of
commercial as well as residential
property in noida.
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8. FNG Flyover And Meerut Expressway
The decision of constructing FNG
flyover and Meerut Expressway is
good for the real estate market.
The Location which is well
connected to one place to another place is always in
demand while the price of property is high.
So the expectation is high for 2016 ,that it will brings
the cheer in real estate industry.