Just by arriving
a new government, the prices of property in the country are probably to rise
after six months, said by recent news in Mumbai on Monday. The housing
sentiment Index evaluated by IIM Bangalore and Magicbricks.com estimates that
abode buyers across 8 of 10 cities measured anticipate that real estate prices
to go up over the next six months. Noida, Gurgaon, Pune, Hyderabad, Mumbai,
Ahmedabad and Bangalore were surveyed carefully.
Indian real
estate sector is bound to continue very attractive in the medium term with
rapid growth estimated in Tier II cities. Competitively priced upon pockets
such as Noida, where healthy supply is backed with a true promise of first rate
infrastructure, received a thumbs- up from end users and investors, “Magicbricks.com
business head Sudhir Pai assumed in the latest statement.
Although, active
attention will take another six to nine months, since customers expect prices
to ascend only after six months, post the 2014 elections, he said in the recent
statement. The national HIS continued very confident at 108. An HIS score of
100 advise that the prices would remain motionless. According to the latest
survey, Mumbai, an eye catching city announced a housing sentiment index of
106, turning confident for the first time.
The robust demand from Thane and Navi Mumbai resulted in this profit. The first rate infrastructure development comprising of proposed international airport and Trans Harbour Link are making this locality as an attractive investment option.
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