Property prices across India’s major markets are expected to rise in the second half of this financial year as sales momentum is expected to pick up the pace with an increase in demand.
he downtrend in prices was arrested with some markets witnessing an increase in demand. “In the past five years, bigger residential markets like Delhi and Bengaluru saw a marginal dip in average property prices while Mumbai, Pune, and Hyderabad witnessed 2-3% rise in average prices.
According to the report, and it is expected to be one of the fastest-growing residential markets in the current fiscal. In the last quarter of the previous fiscal, Bengaluru witnessed the highest growth with 4% quarter-on-quarter increase in total sales to around 8,800 while Delhi saw 3.5% growth.
Sales volume is coming back and, despite the flattish market, we have seen price moving up in our projects. In the current fiscal we expect prices in the existing and upcoming projects to see higher than inflation growth.
To give a boost to the sector, the government and the Reserve Bank of India are taking positive steps. The RBI has cut rates twice in 2019 to bring down repo rate to 6%. “The central bank has shown a positive stance by announcing a reduction in key lending rates.
According to the report, and it is expected to be one of the fastest-growing residential markets in the current fiscal. In the last quarter of the previous fiscal, Bengaluru witnessed the highest growth with 4% quarter-on-quarter increase in total sales to around 8,800 while Delhi saw 3.5% growth.
Sales volume is coming back and, despite the flattish market, we have seen price moving up in our projects. In the current fiscal we expect prices in the existing and upcoming projects to see higher than inflation growth.
To give a boost to the sector, the government and the Reserve Bank of India are taking positive steps. The RBI has cut rates twice in 2019 to bring down repo rate to 6%. “The central bank has shown a positive stance by announcing a reduction in key lending rates.
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