[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
India's wobbly housing market will find its footing next year, boosted by a recovery from the
pandemic and easy monetary policy, according to property analysts in a Reuters poll who
were split on what that would mean for affordability.
The Aug. 11-24 poll predicted house prices would grow on average 2.5% nationwide this year,
an upgrade from next to nothing, 0.75%, expected in a survey three months ago.
But that forecast was significantly more modest than expectations in similar Reuters polls for
most major housing markets, which are already up in double digits this year.
Average Indian house prices were forecast to rise 4.5% next year and 5.5% in 2023,
outstripping consumer price inflation by then, partly because raw material costs for builders
are due to keep rising.
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