Lowering of interest rates, the real estate market, after a period of relative inactivity lasting the first few months of the year, witnessed improved levels of activity on the part of retail investors in the residential sector, especially in the low to mid-end housing segment, said experts.
CBRE Market View, published for the second quarter, said “Level of enquiries went up and, more significantly, transaction velocity also increased marginally as compared to Q1 of 2009… However with most of the activity confined to smaller format offices, vacancy levels remain higher. Most developers deferred plans for launching any new projects, the focus being on deploying the scarce resources on completing projects in hand.”
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