Rise in cost of apartments in India is higher since 2001
A new research in global real estate market revealed that India has seen the sharpest increase in the cost of residential property in last 10 years.
The report says the increase happened by 284 percent since 2001.
India is leading in increasing cost ratio leaving behind Russia and South Africa where the rise in property value are 209% and 161% respectively.
According to the report the huge increase happened because of the rising demand among the NRIs as well as the cost of infrastructure has been increased considerably during this period.
Source : Zee News
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