The price approval in the housing section slowed appreciably during 2012 in the top seven cities of the country with standard capital value growing by only 1-3 per cent, property consultant Jones Lang LaSalle (JLL) India said today.
In its appraisal of the realty sector throughout the current calendar year, JLL India Chairman and Country Head Anuj Puri supposed: "2012 was a sluggish year in terms of financial growth, largely because of high attention rates and poor industrial production. Price rises remained high, impacting sentiment and investor notice across businesses - including real estate markets".
The advisor said a total of 1, 60,622 residential units were launched in 2012 in the 7 top cities of the country compared with 1, 54,701 units for the matching period of 2011. These seven cities cities are Delhi-NCR, Mumbai, Kolkata, Chennai, Hyderabad, Bangalore and Pune.
In its appraisal of the realty sector throughout the current calendar year, JLL India Chairman and Country Head Anuj Puri supposed: "2012 was a sluggish year in terms of financial growth, largely because of high attention rates and poor industrial production. Price rises remained high, impacting sentiment and investor notice across businesses - including real estate markets".
The advisor said a total of 1, 60,622 residential units were launched in 2012 in the 7 top cities of the country compared with 1, 54,701 units for the matching period of 2011. These seven cities cities are Delhi-NCR, Mumbai, Kolkata, Chennai, Hyderabad, Bangalore and Pune.
