Mumbai Residential Real Estate - Prices Remain Stagnant, Buying Activities May Catch Up
After touching unprecedented heights, the property prices in Mumbai have been reportedly stagnant for the past 3-quarters. Perhaps that’s why, the investor activity especially in the residential properties of Mumbai has been catalyzing, say experts.
In Mumbai, investment in the residential real estate is mostly driven by the hefty end user demand, and since the capital values are cooling off and the absorption rates are on the downtrend, buyers and investors are expected to take advantage of the scenario. Interestingly, the rental rates in the segment continue to rise.
Capital Values and Rentals
Discount Tires Direct
Let’s face it people, the world is changing. Whether it’s the increasing price of fuel, the improved performance of cars, or the increasing number of online stores offering discount tires direct to the US public.
Recent reports suggest competition amongst tire sellers has intensified, with the new wave of online tire stores gaining ground over the independent dealers (the traditional market leaders).
This intense competition is mainly due to the decreasing market, as demand for tires falls. The Rubber Manufacturers Association states that:
“…The passenger replacement market will decrease by approximately 3.2 percent in 2006 to nearly 196 million units…”
Pune Properties Nurture A Deadly Combination
Equipped with a deadly combination of educational and IT infrastructure, Pune real estate is rightly said as the second hottest destination in Maharashtra. Both commercial and residential property markets in Pune are driven by these industries while the traditional manufacturing industries of automobiles also are actively participating in the market growth.
Owing to the IT Park, Pune is expanding from its western end at Hingewadi, and the property prices in areas like Balewadi, Aundh, Wakad and Bhugaon have multiplied several times in the past few years.
Residential Rentals In Gurgaon Float Horizontal
Residential rentals in Gurgaon have almost come to a standstill for quite some time now. And this is really a sigh of relief for tenants who had been bearing the brunt of residential rentals rising incessantly for the past several years.
The real estate fraternity points out that at this juncture Gurgaon property markets are under way of receiving a whole lot of big residential projects at different parts of the city, and perhaps the new capacity additions in the residential real estate segment will be able to meet the demand side in quite an effective manner. However, the volume of supply would be much higher than that of the demand.