Housing prices unlikely to fall, NRI investors to blame
Analysts are of the opinion that housing prices are not likely to fall anytime soon. They blame the domestic as well as foreign investors, including NRIs, for this.
High property prices are not even helping developers as they are in debt. The cash generated by selling properties turns out to be much less than what developers require for construction.
The widening gap between the prices and affordability is largely due to speculative market practices of investors, who buy housing stock knowing that prices will keep going up. While banks are not too keen on lending to the real estate sector, affecting the cash flow of developers, the developers are forced to look for investor funding.
To read more real estate news:
Developers banking on 20:80 scheme
bank lending to real estate, domestic and foreign investors, High property prices, housing stock, investor funding, Investors, Mumbai, NRI, Properties, Property, Property Prices, Real estate analysts, Real Estate Sector, speculative market practices
[...] Housing prices unlikely to fall, NRI investors to blame [...]