The badly hit real estate sector in india is slowly picking up and the real estate developers are gradually increasing their prices. It was tata housing who have increase their property prices slightly. The company has increased prices of residential units at Eden Court, its first housing project in West Bengal. According to tata housing the property prices have been hiked after a gradual increase in demand for the properties. Tata Housing’s first real estate project in the state is not a low-cost housing project, like the one it recently launched in Mumbai.

It is well known the property market has undergone a correction. Expert in the real estate sector are now talking about prices bottoming out. Experts are having the opinion that this may not be the right time to invest in residential property. They are advising this idea to first and second-time home buyers.

With regard to major metros in india the prices have seen a significant correction in the past six months. The metros which has undergone major correction in real estate are Gurgaon, Chennai, Hyderabad for the same time period. Considering the residential properties if you take a loan from a bank and expect the rent income to assist in paying the EMI, that decision has to be re thought. AS per real estate experts the above said decision wont be feasible for a first time buyer.

Real estate experts are also forecasting that the property prices will remain stable for another two years as and when the correction in the market ceases. This is based on the supply that will hit the market in the next three years. An estimated 200 million sq ft a year will be available, considering the properties announced. If you and want to go ahead with the purchase, wait for another six months. There will be some clarity on the economy as well as the real estate industry in this period.

India real estate industry has witnessed slow but steady decline over the past year-and- a-half with regard to property prices. According to expert this trend will continue and it is expected that the price will drop up to 20-25 per cent in the next year or so. Interest rate cuts by banks have been much quicker in being launched, by and large through the efforts of the RBI the real estate developers has been reluctant to follow with price cuts. Though the initial interest rate cuts and a discounted interest rate for the initial year introduced by some banks resulted in a lot of loan transfers.

Another fact that contributed to this factor is the dominant agonizing mood in the job sector. Builders who had been focusing on high income people and premium housing needs are now stuck with incomplete projects with the lack of funds. The real estate developers, focusing the buyers mood, gradually made attempts in slashing property prices. Prices have definitely started to slide in favor of the buyer. However, there have been several instances where there have been compromises over the square feet area of the house.