After the economic crisis around the globe it was not a satisfactory period for the realty market around many major cities of the nation. It showed a mix review of prices hike and fall looking under the conditions of various side effects of a particular site. As per the sources of www.propertykhazana.com among the tier I cities of the country like Delhi – it showed 5 percent rise in its valuation where as Bangalore was appreciated with just 1 percent growth.
Jaipur on the other hand rose up to the only 2 percent growth in the property values. Apart from this there are nine other major cities which showed downfall to the realty value till the last quarter of the financial year.
On the other side of the business the highest downfall the property rates was recorded in Kochi as compared to the same financial term of the last fiscal year. It was around 9 percent recorded for the realty decline in this southern city and it followed by 8 percent drop out in Hyderabad.
Bhopal recorded with 7 percent downfall with Surat going down to the same as in Bhopal where as the Haryana city Faridabad dropped out for 6 percent.
With the same ratio the other major cities like Ahmedabad and Lucknow was observed with a fall of 4 percent to the property values and 3 and 2 percent was recorded for Patna and Kolkata if compared with their pre – economic crisis periods for the second quarter of current fiscal year in realty market.
But now the National Housing Banking is initiating a measure for a balance diet for all the major areas so that property fluctuation rates can be minimized under some circumstances to maintain a healthy atmosphere in the realty market.
Source: NIMMA BENGALURU
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