india property demand picking up prices to grow
News Posted On: 19 September 2009
Demand for residential property in India is rising massively on the back of India Property Demand of low interest rates, rising unemployment and property price reductions, according to new research published today by:Religare Capital Markets Ltd.
India property developers such as Ackruti City Ltd, Anant Raj Industries Ltd, Omaxe, Parsvnath Developers and Sobha Developers, all slashed residential prices after sales levels slumped following the economic downturn.
However, following the recent pickup in residential demand, Religare projects that India property prices, particularly at the top-end of the market, could appreciate by as much as 15% over the coming months.
Property in places such as Mumbai, New Delhi and Pune are proving most popular.
The rising popularity of property in India comes as no surprise to Property Abroad.com. It is one of our favourite emerging market property investment locations. As a result, we are constantly recommending India for property investment, including twice this year already.
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