Moneycontrol.com-India home prices to climb faster than inflation this year, rents even more: Reuters poll
India's average home prices and rental costs are set to outpace consumer inflation this year according to a Reuters poll of housing experts who were split on whether affordability for first-time homebuyers would worsen or improve.
While faltering economic growth, stagnant wages and a dearth of well-paying jobs have left millions of working-class families with depleted savings, home prices have nearly doubled in the past decade in a housing market dominated and driven by those with high incomes.
In addition, a mismatch between strong demand and limited supply has inflated home prices to a point where tens of millions are having to rent.
