In our previous article we have discussed about the overall polling by property markets across India. Here is what property brokers in the most sought after realty market had to say about the direction of prices for the next 12 months.
Bangalore:
Price trend is stagnant with a negative bias and going forward outlook is mixed. In Whitefield / Marathalli: Prices appear to have stabilized. In Sarjapur and Kanakpura Road: Brokers unable to form a view but prices have set a negative bias. Yelahanka and Devanhalli: Prices have probably bottomed. While pain is expected to be continued in Jayanagar and Malleswaram areas.
Chennai:
Property prices have started falling lately. Annanagar/Guindy: 60% brokers have no view. OMR: 80% believe prices will continue to fall over 1 year. Sriperumbudur: Prices likely to drift lower.
Delhi / NCR:
80% brokers believe near term will be extremely painful. Gurgaon: 60% brokers feel that will decline in 3 months. Manesar: 80% brokers see price correction in next 3 months. Noida: Brokers expect stability at lower levels soon. Greater Noida: Unanimous near-term pessimism. Ghaziabad: Brokers expect prices to increase over 1 year
Mumbai Metropolitan Region:
Island City: Brokers believe prices will continue to fall. Bandra-Borivali: Brokers believe prices will stabilise at lower levels soon. Beyond Borivali: 80% brokers believe prices will be stable to rising over next one year. Mulund and Thane: Enquiries are steady; prices to remain firm over a one-year time frame. Vashi and Navi Mumbai: 80% brokers believe prices will be stable or increase over a one-year perspective. Panvel: Near term pessimistic; unanimous optimism over one year.
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