Tag «Magicbricks PropIndex»

Affordable properties lose sheen while luxury picks up: Magicbricks’ PropIndex reports

Buyers remained cautious but searched well for aspirational homes. Developers remained restrained but projects reached completion stages as all segments of the market prepared for a growth phase in Indian property market, aligned to the political optimism in India. July 29, 2014: The first edition of Magicbricks’ PropIndex, Volume IV (Apr-Jun 2014) reported a largely …

Rental Markets Flourish While Buyers Wait for Political Results

National Property Index (NPI) grew by 1 per cent as per Magicbricks PropIndex (Jan-Mar 2014). The index in its third year showed that home-buyers preferred to be in the wait-and-watch mode due to the general elections.   “Capital values fell in all cities, except Pune. Over 30 per cent of the tracked localities registered a …

Affordable cities record a rise of 2-5% in city indices during Oct-Dec 2013 quarter – Reports the Magicbricks PropIndex

While the National Property Index remained stable, the PropIndex reports that cities such as Chennai, Ghaziabad and Pune, which offer relatively affordable properties, depicted the highest rise in city index. March 3, 2014: The last quarter of 2013 was largely characterised by a cautious consumer approach and controlled supply by local and national developers that …