In a report by realty consultant JLL, Rohan Sharma, Senior Manager - Research & REIS, says vacancy rates have risen to new market highs in almost all cities barring Pune and Hyderabad.
The Bharatiya Janata Party (BJP) has a tough task ahead of itself in terms of a real estate revival. While the party enjoyed a landslide victory crossing the half-way mark of 272, breathing new life into the sector that has been plagued by tepid demand and high interest costs, is not going to be easy.
In a report by realty consultant JLL, Rohan Sharma, Senior Manager - Research & REIS, says vacancy rates have risen to new market highs in almost all cities barring Pune and Hyderabad.
High vacancy rates or the number of vacant or unoccupied unit in a rental property, suggests a particular property isn't being met by good demand.
However, not all is down in the dumps for the sector.
The report highlights a slowing demand in Delhi-NCR, but stability in other cities on the back of new launches in emerging residential corridors attracting buyers. Properties' capital values too have steadily risen across cities.
With thanks : Money Control : LINK : for detailed news.
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