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Business The demand for housing real-estate market has dipped by 10 per cent in the third quarter over the previous quarter due to a .bination of factors. Consecutive hikes in house loan lending rates/property prices/affordability & uncertainty in economy have contributed to the overall situation top to a dip in demand. The housing market saw absorption of 3,743 in 3Q11 against 4,301 units 2Q11, as absorption rate declined from 13 per cent to 11 per cent in 3Q11, according to Jones Lang LaSalle’s real-estate intelligence service report. In 3Q11, unsold stock in Bangalore totalled 31,208 units .pared to 27,334 units, reflecting a vacancy rate of 51.3% in 3Q11/up from 45.9% in 2Q11. While 38% of the unsold units are in the Hosur road submarket, the Bellary road sub-market has 19% of the unsold units. For Details of Prestige Falcon city call @ 8971315026 According to N S Srinivasa Reddy/residential analyst/Bangalore/Jones Lang LaSalle, Bangalore market saw the launch of 23 housing projects spanning submarkets in 3Q11/offering a total of 7,817 latest units. Meanwhile/13 housing projects .prising 6,171 units spanning different submarkets were withdrawn from active stock, as they were .pletely sold out. The Hosur road submarket contributed to over 40% of the latest launches in 3Q11. Among the prominent latest launches during 3Q11 were Brigade Meadows at Kanakapura road by Brigade construction, DLF Maiden Heights at Rajapura by DLF & Nitesh Cape Cod at Marathalli by Nitesh Estates. Prestige construction launched a magnificence housing project along edward road in the major central submarket at a launch price of Rs 21,000 per square feet besides Prestige Sunny Side & Prestige Park View along Hosur road & Whitefield respectively. For Pre launch offer of Prestige Falcon city Bangalore call @ 8971315026 The market witnessed marginal appreciation in capital values in the range of 1-3% during 3Q11 spanning various submarkets. The slow development is attributed to a dip in sales volume owing to a sustained price increase in the past eight quarters, increasing interest rates & thereby diminishing affordability, according to Jones Lang LaSalle. Capital values in the Whitefield submarket continued to witness healthy appreciation, which increased by 4.8% on q-o-q. Brigade Exotica was launched at Rs 4,200 per square feet while Prestige Park View was launched at Rs 3,750 per square feet. Both these projects are above the average capital values of the Whitefield submarket. Incidentally high-end market is not that affected as villas upto Rs 3 crore continue to be in demand. The concern among builders revolves around mid-segment units in the price range of Rs 50 lakh Rs 1 crore says Arun Kumar/Managing Director/Tandem real-estate Management Services Pvt Ltd. Affordable housing units in the price range of Rs 15 lakh Rs 30 lakh are doing well, he added. The dip in demand is due to a .bination of factors such as hike in lending rate/according to Natarajan/housing loan consultant in the city. For the Bookings of Prestige Falcon city call @ 8971315026 About the Author: 相关的主题文章: