deccanherald.com-Elevated housing prices a worry for the realty market: Experts
Average residential prices between 2019 to the end of September 2024 have seen over 50 per cent rise in India’s top seven cities, as per ANAROCK Research. Analysts and experts told DH that they don’t expect realty prices to moderate in the near future.
However, it is a worry as the elevated prices rises will not be sustainable and the industry is likely to go into correction mode subsequently.
Added to this is the GST Council’s decision to revise the limit for affordable housing and the applicable bracket from Rs 45 lakh per unit to Rs 56 lakh per unit, indicating that the price hike is not limited to the luxury segment alone, though that segment has definitely seen the largest surges.
