Property Markets
Speculations are on in the property market post the newly elected Modi government declared housing for all by 2020. The low budget housing projects for urban lower income group dwellers to witness a surge is what the industry analysts speculate. However the analysts believe that the fortunes of realty the sector will not change so [...] Continue Reading »
Prices of new residential property could fall 10-15% by Diwali. But leading builders say supply has to increase for prices to come down. The RBI’s rate tightening has resulted in developers not having funds to complete projects, and hence the supply will remain in check while demand is still intact. A 10% price correction is [...] Continue Reading »
Real estate is the second largest employment generating sector, which will be hit by the decision to increase repo rate by the Reserve Bank of India for the third time since May this year. Out of total price of a flat, some 36% amount goes as tax to the government. Since March 2010, the RBI [...] Continue Reading »
