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Property prices will not plunge – Indian realtors

Realtors of India are pretty sure that the housing prices will not fall in the near future even after the economy’s downfall.

It is a fact that due to the delay by the state government there is pressure on the developers but such delays affect the cost for developers.

According to a research made by international real estate consultants, about 60 per cent of projects launched in metros are luxury ones. But however, the private investors prefer smaller projects over bigger ones.

Commercial real estate is a different case, with rentals under pressure. If the supply increases or decreases, then there would be a pressure on rentals.

To read more real estate news:

Indian properties lure NRIs as rupee falls

Real Estate Conclave 2012 to be held in Mumbai

Source: Business Standard

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