BANGALORE: Negative economic sentiments across all quarters notwithstanding, all major real estate markets in India have witnessed an over 10% increase in property prices over the last quarter, according to a study.
Also, stiff interest rates and bleak growth are increasingly worsening the affordability ratio especially in residential spaces in Mumbai and the NCR, says Religare Institutional research.
"Real estate market continues to remain under pressure given weak economic growth, unfavourable affordability levels, tight liquidity and execution-related issues. These issues coupled with investors looking to exit projects may lead to higher discounts being offered during festive season," says Economic Times quoting the brokerage firm’s recent report on Indian real estate.
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Source Page: Indian realty markets witness over 10% hike in property prices in Q2
Property, Chennai Property, Bangalore Property, Pune Property
Property, Chennai Property, Bangalore Property, Pune Property
published by John Britto
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