Among all the major cities in India, Bangalore is the only city which witnesses increase in residential sales in the year 2014. Other 5 metropolitan cities saw a major drop in the home sales. Due to poor market sentiment and steep rise in property prices, NCR and Mumbai are facing worst condition.According to international property consultancy, Knight Frank, the property market of Mumbai, Pune, Chennai, NCR, Bangalore and Hyderabad is expected to witness a collective decrease in sales by around 10% as compared to the previous year. NCR and Mumbai saw more decline in sales than expected. However, Bangalore came as a surprise. As per Knight Frank’s June estimation, till the end of this December, this city might report sales of around 60,000 housing units while it was 57,300 residential units in 2013.As compared to last year’s September quarter, NCR witnessed a decline of 35% in residential sales in the same quarter, this year. While Mumbai saw decrease in sales by 15% to 15,000 residential units.As per the other sources, escalating price rise, high interest rates and changing buyer sentiment has drastically led to drop in sales in Mumbai. The number of enquiries regarding residential properties has increased but unfortunately they are not getting converted into actual sales. NCR is witnessing a similar situation however Bangalore is been kept resilient. It is observed that buyers in Bangalore find it favorable to invest in properties that range from Rs.4, 000 to Rs. 6,500 per sq ft in mid and luxury residential market. If the cost of properties goes above this range, friction gets noticeable.займ на карту без отказов круглосуточновзять кредит онлайн