Friday, December 11, 2009

Mumbai + Delhi Hottest Investment Destinations

According to a survey just published by Colliers Investment, Mumbai and Delhi are the hottest destinations. Here is a complete result of the survey
[City - Preference of Respondents, Upcoming Supply, %of Supply as Affordable homes, Price Trend]
  • Mumbai - 75%, 56K Units, 8% affordable, Mild Upswing
  • Delhi - 53%, 3.3K units, 2% affordable, Still near the trough
  • Bangalore - 52%, 45K units, 2% affordable, prices at trough
  • Pune - 42%, 22.5K, 45% affordable, prices at trough
  • Chennai - 40%, 44K units, 33% affordable and prices at trough
  • Hyderabad - 30%, 28K units, 7% affordable, prices at trough
  • Kolkata least favored state due to political parties which have hampered growth - 17%, 8.8 units, 45% affordable, prices just off the trough
3 out of 4 respondents believed that residential prices would increase from 0% to 10% in the next six months.

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