[INDIA REAL ESTATE NEWS] Good morning everyone I am Sankhraj from KI-KME. Here I have important INDIA economic news to share with you which is as mention under.|
For many years now India’s real estate has been under what is called a ‘time correction’. It’s been something like a decade. Time correction is a slightly fancy (actually, misleading) way of saying that prices are stagnant. At some point, this stagnation will end and real estate prices will head upwards.
There are many reasons behind these years of stagnation. Obviously, the major one is that prices rose too fast and too far on the strength of investors who had more money than sense. For some years, these investors kept selling apartments to each other at higher and higher prices and finally the prices got too high for real buyers, those who would buy to actually live in the houses. So, this stagnation is just the phase when the buying capacity of real users is slowly catching up with prices. In many parts of the country, another factor has been the tremendous distrust that buyers now have for real estate developers for reasons that are known to everyone.
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/dont-buy-a-dream-house-you-cant-afford/articleshow/74254736.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Have a nice day.