Property markets in India are today subject to not one, but several cyclical influences of different periodicity.
Corporate sector is facing a demand downturn, financial sector is confronted with liquidity (confidence) crisis and capital markets see depressed sentiments.
All this has moved our property cycle where weak demand, excess supply and credit contraction are converging.
This DTZ report is an attempt to analyse the downtrend in the Indian property sector and prognosticate as regards the likely timeline (quarter) for commercial real estate revival in six key cities.
It also presents a detailed analysis of the behavior of residential prices this year, and provides their expected future path.
Anshul Jain is CEO - India, DTZ International Property Advisers