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Nashik property Prices for a Correction Yes or no ?

Posted by admin on Friday, October 31st 2008

31
Oct

hi readers, we have been seeing the share markets almost correcting by nearly 60 %in last 3 months in India and globally. Does that entail a price correction for resl estate as well. I have hear from reliable sources that mumbai Pune is facing a correction of upto 25 % before diwali and expecting another 15 % after diwali.

Do you think the property maket in Nashik is Overheated?

Do you think there will be a sharp correction ?

If yes how much do you anticipate ?

Tags: Real Estate, Real Estate - News, Nashik Real Estate Prices

2 Comments Already

Vikas Said,

October 31st, 2008 @9:08 pm

I think Nasik would be relatively less impacted compared to Pune and Mumbai.

The prices are still reasonable and affordable in Nasik.

Of course, the negative sentiment will affect all areas but some will have more, some less.

Vikas

Dharmesh Said,

November 6th, 2008 @1:22 pm

Nashik flat prices will hover at Rs 2000-2500, unless Land prices do not go down flat prices will never go down as the developers in Nashik since last 1-2 years are struggling to get cheap land.

mind you the builder-developer in Nashik is making minimun profit compared to the land owner.

Land prices in nashik should go down by 30-40% in order to maintain healthy growth in development of Nashik.

Alternately, outskirts of Nashik city will be developed faster and one will find prices of rs 1200-1800 in these areas.