Residential real estate prices in India to go up 4-6% this year: Report Business Standard
Home prices in India are likely to increase by 4-6 per cent this year but rising per capita income will support demand, said a report on Tuesday. Moderating inflation, stable commodity prices, a lower fiscal deficit, and a decline in global policy rates would set the stage for interest rate cuts to boost housing demand, according to CRISIL Ratings. "Range-bound growth in capital values and likely moderation in interest rates in the second half of this financial year will ensure affordability improves following a decline in the past two financial years due to a sharp increase in interest rates and capital values," it said.
