Home prices to rise in India within the second quarter
The housing prices in India will rise during the second half of this year with the improved market sentiments on the formation of a stable government at the Centre as stated by Knight Frank-FICCI survey. The launch of housing projects have been slow from the last two years but it is hopefully going to improve the next six months as the survey said in the sentiment index for the second quarter of 2014. The index is based in the survey for many stakeholders who include the developers and private equity banking raised by 6 points to 69 points.
Knight Frank India’s Chief Economist and Director Research Samantak Das stated that the housing prices are going to go up during the second half of the year 2014. However he did not specifically say the quantum of likely appreciation. As far the survey the market is positive about the residential sector with 62 percent of the respondents stating that the housing prices will go up in the upcoming 6 months against the 14 percent in the previous survey. More than 80 percent of the respondents think that the residential project launches and sales volume will be improving in the upcoming six months.
Source: Financial Chronicle
