Despite an expected rate hike by RBI, home buying remains robust, with developers expressing confidence in residential sales as buyers seek to invest before potential price increases.
A recent CREDAI workshop in Mangalore, led by Minister Krishna J Palemar, addressed illegal construction and the need for more parking areas and road expansion.
CREDAI warns that property prices may rise by 2.5% due to the new service tax implemented from July 1, 2010, which will ultimately burden buyers.
MCHI is hosting the 13th India Realty Expo in Dubai from June 3rd-5th, 2010, to showcase Indian real estate opportunities to NRIs, featuring properties in cities like Mumbai, Pune, Goa, and Bangalore.