Property Market Forum - Estate Agent Forums

With property prices and rents spiraling in the Gulf and the rupee depreciating, Indian real estate developers are actively promoting their products among expatriate Indians in the Gulf. Because of spiraling rentals in Dubai and elsewhere in the region, Indians working here prefer to keep their families back home. Because of the depreciation of the rupee, Indians here can invest their disposable income in real estate back home. Given the current global financial crisis, it is better to invest in real estate in India instead of investing in stocks or other investment options. It is a rare region-specific real estate exhibition coming from India. Malabar has been witnessing a lot of development in the healthcare, education, hospitality, transportation and tourism sectors in recent times. The presence of a number of world class hospitals have also come up in the region. Kozhikode was also becoming an educational hub with some premier institutions setting up base. Also with the opening of Karipur International Airport, there is good air connectivity with several international airlines coming in. A lot of expatriate Indians are already investing in property back home.

The festive season is a great time for both the buyers and the Property Builders in Tripunithura . However, this year is a testing time for the industry. In the tier II and III cities the situation seems to be challenging for most developers this year. Many developers are not officially reducing the per sq ft price as they may not be able afford it. But even those who can afford it may still not do it as it will send a wrong signal for his reputation and for the state of property market. The stigma attached to the property price reduction in the Indian market coupled with an on going slow-down may result into stagnancy. Considering that the sentiment may worsen further, choking the cash flow, he may opt for discounts to push sales in the current sluggish market. Despite being an inevitable part of most property purchased, lending statistics have declined as banks are also hit by the slow down. High rate of interest has added to low turn out at the home loan counters. Now, a few banks have also joined the incentive band wagon.