Ahmedabad’s real estate sector saw increased activity during Rath Yatra with developers offering discounts and payment plans. Sales remain slightly below 2024 levels, but site visits rose post-RBI rate cuts.
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.
Indian banks urge property developers to halt price increases to sustain market recovery. Developers' short-sighted price hikes could deter buyers and stall the fragile housing market rebound.