Property price fall in 9 cities
Property price fall has become a major headache for the developers and builders in India. According to the recent data collected by the Indian government, property prices in nine cities has dropped in the September quarter drastically.
National Housing Bank’s residex proved interest rates peaking as the main reason for slow down in residential property prices across 9 cities in India.
National Housing Bank (NHB) experts say that the drastic property price fall has brought in major changes in the investor’s and consumer’s market, the end users of property from small cities will suffer with constant price hike but the investors market and interest rate hike will not stop the metropolitans from buying a property.
Source: Business Standard
Builders in India, Consumer market, Developers, End users of property, India, Indian government, Interest price hike, Interest rates, Investors, National Housing Bank (NHB), National Housing Bank’s residex, Property Prices, Residential property, September quarter
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