Will the property rates decrease in near future?

Q: Since RBI has decreased repo rates, it was expected that the prices may go down. Is it true? Will the prices reduce for now?

Ravindra Singh,

12th February 2013

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Replies (5)

When cash flow was tight and interest rates were high, builders were being forced to sell properties during the pre-launch stage itself at discount rates to attract more and more buyers. They were increasing the sales through such methods. Several big developers like Lodha, Unitech, DLF, Godrej Properties, L&T Realty and Indiabulls have also followed this trick.. but now since the sales are picking up there may not be a need of such things, unless buyers get bored up with the same style.

Santosh TR,

25th February 2013

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Hi guys, the demand for housing seems to have started reviving and this revival is unlikely to bring down the prices. Rather than reducing, the costs are increasing on account of higher input costs, charges for additional FSI, increased ready reckoner rates, and other factors.

Varun,

25th February 2013

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You are right guys.. if there is no demand for houses, then there are chances that builders will decrease prices. But when there is demand increasing situation then they will be happy to make more and more profits. Why do they bother about buyers? Government should do something in this respect. It has to form schemes or norms such that they are forced to cut rates and clear their inventories.

Joydeep D,

19th February 2013

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Real estate in India in the current year of 2013, seems to have a good start.. there are many new launches happening, RBI has cut interest rates and quicker project approvals are also in progress. The demand for properties is also rising nowadays.. At this time I dont think there will be cut in prices.

Varun,

19th February 2013

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Hi Ravindra, buyers are waiting for reduction in rates, but buyers are not ready to cut the rates. Even though RBI has cut repo rates and loans are made easily available, the builders are not going to reduce. May be very few of them would have decreased but not all.

Khushbu , Ghaziabad

19th February 2013

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