Indian home prices are projected to increase by 4-6% this year, driven by rising incomes. CRISIL Ratings anticipates interest rate cuts to spur housing demand and sales.
Indian home prices are projected to rise by 7% this year and next, driven by luxury real estate demand. The affordable housing gap remains a concern despite interest rate hikes by the Reserve Bank of India.
A recent study indicates that social networks like Facebook can influence residential home prices, impacting buyer behaviors and perceptions.
Mumbai property rates soar 66% in four years due to land scarcity and limited supply, defying expert predictions of price correction.
Mumbai's residential property prices have increased by 2.9% to Rs. 11,626 per sq. ft. However, property sales have slowed down, with only a marginal increase of 1%.
Home prices are rising in anticipation of the festive season demand, say real estate developers Niranjan Hiranandani and Abhisheck Lodha. The decrease in new projects has also contributed to higher prices.
The Indian real estate sector has seen a significant slowdown, with sales dropping 30%-40% as inflation and liquidity issues strain the market.
Three major realty firms bid on national highway projects to diversify amid a residential real estate slowdown.
Karnataka real estate developers plan a price increase of 3-8% from June 10 due to rising construction costs and higher labor rates.
Real estate sales have declined, but prices remain stable. High interest rates coupled with past growth have caused a market slowdown, affecting buyer sentiment.