5 Lessons Realty Developers Learnt From Slowdown

2. Southern market stable market

Over the past years, South Indian cities have remained stable in real estate prices compared to other metros like Mumbai and Delhi. The property prices in Bangalore and Chennai have not increased as much as in Mumbai and Delhi.

Unlike other metros like Mumbai and Delhi, Bangalore’s realty market offers variety of property options to fulfill buyer’s requirement. Besides, the vibrant nature of Bangalore’s real estate market and the stable property prices make the city one of the leading real estate markets in India.

Therefore, over the last 2-3 quarters, Southern-based developers like Sobha Developers, Puravankara Projects and Prestige Estates to name a few have witnessed growth compared to other real estate players that include DLF, HDIL and Godrej Properties. Although, BSE real estate Index have dropped to 14.5 percent over the last six months yet, the South-based developers like Sobha Group and Prestige Estates have witnessed growth of 22 percent each.