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Residential property prices may rise in second half of this financial year

Residential property prices may rise in second half of this financial year

Residential 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 pace with an increase in demand. 

The downtrend in prices was arrested with some markets witnessing an increase in demand. “In the past five years, bigger residential markets like 
Delhi-NCR (National Capital Region) and Bengaluru saw a marginal dip in average property prices while Mumbai, Pune and Hyderabad witnessed 2-3% rise in average prices, said a recent report by 360 Realtors.

“By the middle of FY 2020, market sentiments are expected to further change with acceleration in price growth. As demand will spiral upwards, prices will rise,” said the report.

Apr 19,2019 | Economic Times
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