inflated housing prices
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 »
The housing and urban poverty alleviation ministry has stated that of the 17.95 million housing units that came up in the country between 2007 and 2012, 11.09 million houses, or nearly 62%, are either vacant or locked up. It throws a light on the practice of buying houses not for staying there but just to [...] Continue Reading »
