housing prices in the last quarter of 2013
The present government led by Narendra Modi, is focusing to revive the growth and bring down the interest rate. A recent survey said that the sale in residential properties in going to rise by the end of the year 2014. The low confidence level within consumers in the last year and also in the first [...] Continue Reading »
The recent data that has been published by the National Housing Bank states that Mumbai might be the most expensive city in India, but Chennai has been catching up fast. The index of National Housing Bank for residential property prices states that Chennai has recently experienced a sudden rise of around 249 percent increase in [...] Continue Reading »
According to the Economic Survey 2013-14, housing prices have increased in 24 major cities across the country between 2007 and 2013. The city of Chennai alone reported more than a threefold gain in the rates in those 6 years. As compared to the base year (2007), during the time period 2007-2013, residential property prices saw [...] Continue Reading »
In several large economies like the UK, UK and Europe, the overvalued real estate markets had brought down the market and created the recession. This financial crisis had rocked the world economy and slowed down the growth in industries and affected the GDP negatively. A senior official at the International Monetary Fund (IMF) has now warned that [...] Continue Reading »
