Market Report, "India Real Estate Report Q1 2010", published

New Business research report from Business Monitor International is now available from Fast Market Research
 
Jan. 23, 2010 - PRLog -- India's property market is in a downturn. After nearly four years of a real estate boom, prices have dropped 20-40% since their peak, property sales have fallen over 50% year-on-year (y-o-y), and developers are burdened with many unsold and unfinished projects. The economic recession has taken hold, and bank lending has tightened. Many projects have been stalled by their inability to raise finance. Office rents have fallen, especially in Mumbai and New Delhi, where they have declined considerably since their peak. There are many office projects in the pipeline, and this will exert further downward pressure on rents in the near term. Further, due to the economic downturn, some major companies may relocate to less expensive office space, or renegotiate existing leases to drive down rents. In the residential market, prices are falling. Potential buyers are delaying purchases in the hope that prices will go down further. First-home buyers are seen as a major driver for the residential segment. Luxury residential prices fell dramatically in early 2009. Demand is sharply down. Affordability is now one of the main drivers in the residential market. There has been resurgent interest by developers in affordable housing schemes, especially as the market has stalled for luxury houses and apartments. Chanda Kochhar, the incoming chief executive of the ICICI Bank (India's largest private bank) said in February 2009 that real estate prices still need to fall by at least 20% if the market is to pick up. The share prices of Real Estate Investment Trusts (REITs) have fallen in value by up to 80% since their peak. Foreigners cannot invest directly in the real estate market, so they have been investing through REITs. They have largely exited these now. India's organised retail sector is still expecting further rental falls, especially with many new developments set to be completed in 2009-2010. The office rental market is set to continue its fall - not helped by an oversupply, as well as the many new developments already in the pipeline. House prices have softened, and will likely stay this way - at least until there is an economic turnaround, not expected before 2010.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/43424_india_real_estate_report...

Report Table of Contents:

Executive Summary
- Key Features Of This Report
- SWOT Analysis
- India Real Estate/Construction SWOT
- India Economic SWOT
- India Business Environment SWOT
- Real Estate Market Overview
- Key Projects
- Construction Overview
- New And Ongoing Projects
- Commercial Construction
- Industrial Construction
- Hotel And Resort Construction
Table: Major Projects - Construction
- Real Estate Investment Trusts
Table: FTSE EPRA/NAREIT Global Real Estate Indices Total Returns (%, US dollar terms)
Table: US REITs - Total Returns (%, US dollar terms)
- Industry Finance Outlook
- Global Outlook
- Monetary Policy
Table: India - Monetary Policy
- Industry Forecast Scenario
Table: Housing Prices At A Glance - Asia Pacific
- Office Rents - Asia Pacific - CBRE
Table: India - Construction And Industry Data
- India Real Estate Forecast
- India Macroeconomic Outlook
- Economic Activity
Table: India - Economic Activity
- Business Environment
- Real Estate/Construction Business Environment Ratings
Table: Asia Real Estate/Construction Business Environment Ratings
- India’s RECBER
- Project Finance Ratings: Outlook For Asia Pacific
Table: Design And Construction Rating
Table: Commissioning And Operating Rating
Table: Overall Project Finance Rating
- India’s Business Environment
- Business Environment Q1 2010
- Latest Developments
Table: BMI Business And Operational Risk Ratings
- Institutions
Table: BMI Legal Framework Ratings
- Infrastructure
- Market Orientation
Table: Asia, Annual FDI Inflows
Table: BMI Trade Ratings
Table: Top Export Destinations
- Operational Risk
- Company Monitor
- Ambuja Cements Ltd
- DLF
- Sobha Developers Ltd.
- Parsvnath Developers Ltd
- BMI Forecast Modelling
- How We Generate Our Industry Forecasts
- Construction Industry
- Bank Lending
- Real Estate/Construction Business Environment Rating
Table: Weighting Of Indicators
- Project Finance Ratings Indicators
Table: Design And Construction Phase
Table: Commissioning And Operating Phase - Commercial Construction
Table: Commissioning And Operating Phase - Energy And Utilities
Table: Commissioning And Operating Phase - Transport
- Sources

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
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