Key Points
Home prices. in India: A 7% increase is likely in the average. home prices in India. for the current year and the following year..
's efforts to curb inflation by raising interest rates by 2.5 percentage points from May 2022 to February 2023, the housing market in India has remained robust, fueled by its status as Asia's third-largest economy, with the fastest growth among its major peers...
According to a recent survey conducted from February 16 to March 1 involving 13 property market experts, the median forecast predicts a 7.0% increase in average home prices for both this year and the next..
Regarding the gap between demand and supply of affordable homes over the next 2-3 years, opinions vary among experts..
The survey also predicts varying increases in home prices in major urban centers such as Mumbai, Delhi, and Bengaluru, with rises of 6.0%, 5.0%, and 9.0%, respectively, anticipated for this year..
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