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• Restricted sales transactions were observed in major cities like Mumbai, Delhi, Gurgaon and NOIDA during 1Q 2014. However, an increase in the number of enquiries for residential properties has been seen across the markets.
• Chennai, Bengaluru and Pune markets remained active and witnessed ample new project launches.
• Capital values remain stable in most cities. However select micro markets with inherent demand witnessed increases in the range of 2 - 5% Q-o-Q.
• With the new Government in place and business confidence gaining momentum, we anticipate an increase in residential sales in the coming quarter.