Property prices in Ahmedabad remain stable in December 2012 - Says Makaan.com Property Index

Makaan.com Property Index – City level

Monthly Trend: The property prices in Ahmedabad remain stable in the last one month. The Index in December 2012 stands at 1897 as against 1935 in November 2012

Quarter Analysis: Over the last quarter, the MPI has remained stable. It has moved from 1921 in September 2012 to 1897 in December 2012.

Year-on-Year Movement: As compared to last year, the Ahmedabad Property Index in December 2012 has appreciated by 2.3%. The MPI figures moved from 1854 in December 2011 to 1897 in December 2012.

City Level: In the last one month most cities have seen an increase in property prices. Property prices in the key property markets: Bangalore, Chennai, Hyderabad and Pune registered an increase. Delhi, Kolkata and Ahmedabad remained stable, while only Mumbai witnessed a depreciation.

Going forward: Indian Real Estate market is going through a challenging phase with multiple macro economic headwinds like poor liquidity for developers, increased cost of construction, high land prices, delayed projects, high interest rates. These factors are keeping the home buyers away from the market. Over the coming months the property prices in India are likely to move in a narrow range with a slight negative bias. To know more about Ahmedabad residential projects view at Savvy Strata