Cost of Property in India increased by GDP growth
The rise in the per capita income has increased the demand for housing opportunities in India. As a result the cost of the properties has also increased in Indian property market.
It is noticed that the sudden rise in the property price has happened due to the lag between the demand and supply. Housing projects are long duration projects that take around 2-4 years from the conceptual stage to completion. It takes time for the supply to catch up with the demand levels.
According to analysts, the GDP growth has a direct relation to the property market. There are other factors too that contribute to appreciation in property prices from time to time.
The second sale market also offers some good deals. There are many properties on offer in the second sale market, especially from those who purchased property as an investment.
As the GDP is growing in last few years, the affordability of homes has increased among the residents of India. And also people are investing more on real estate during these times.
Rising property prices have reduced the demand
Strict norms for FDI in real estate
Source: Times of India
Apartments in India, housing opportunities in India, Housing projects, projects in India, Properties in India, reale state in India, Realty News
[...] Cost of Property in India increased by GDP growth googletag.cmd.push(function() { googletag.display('div-gpt-ad-1349265301547-19'); }); Tags: [...]
[...] With 5% contribution to India’s GDP, it is an undeniably important player when one looks at the nation’s economic [...]
[...] Cost of Property in India increased by GDP growth [...]
[...] Cost of Property in India increased by GDP growth [...]