Lower interest rates cheers Gurgaon real estate market

Encouraged by the correction in prices and lowering interest rates, the housing market after a period of relative inactivity lasting the first few months of the year, the improvement in activity levels from retail investors in the residential sector, particularly in the low to mid-end housing segment, said experts and the reports of market analysis of the second quarter of 2009.

CBRE Market View, India Office, published for the second quarter, said: "Level of requests has increased and, more significantly, the speed of transactions has also increased slightly compared to Q1 (first quarter) 2009 ... But with most of the activity limited to smaller size of office, vacancy remains high. Most developers postponed the launch of any new project, with emphasis on the deployment of scarce resources on the completion of ongoing projects. "

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