Real estate prices are unlikely to go up in the next six-months and the industry may witness huge volumes of sales of residential properties.
Expert Insight
According to Mr. Niranjan Hiranandani, MD of Hiranandani Group of Companies, “There is a huge improvement in real estate and prices will not increase, at least for the next six months.
Recent Sales Performance
Further, he said that in the last two months, they have seen sales of almost eight thousand apartments in the Mumbai region alone, spread across all sectors of the real estate market, but especially focused on the lower segment. But they see an across-the-board increase in demand.