Housing price News
Despite a three per cent drop in overall unit sales, the total sales value outstripped that of a year ago by 18 per cent -- clearly underscoring the unrelenting demand for luxury homes, he added.
Housing sales fell marginally by 4 percent during April-June period at 53,352 units in the nine major cities of the country due to demand slowdown in the property market, according to a report by PropTiger.Com.
Affordability concerns are likely to dominate the Indian housing sector while prices may face downward pressure despite lower interest rates and aggressive retail lending push by banks, says a Nomura report.
Delhi's residential property prices posted a decline of 1.5 percent during January and March 2014 as compared to the same period last year.
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