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arun · 13-10-06

Indian real estate to witness 15-20% price correction

Industry experts have forecasted that the Indian real estate market is likely to witness a price correction of 15-20 per cent in the residential segments in over-heated markets like Tier I cities where the prices have gone up disproportionately during last 12 months.

“Price correction is also expected in the land prices in the major markets (Tier I) over the next 12-18 months, which would lead to fall in the real estate prices in the housing sector.Because, after a certain price level, it will be a buyers market and developers will have to cut their prices.The rising home loan rates would also lead to correction in the prices in residential segment.

13-10-06	#1
arun New Member Join Date: Oct 2006 Posts: 43 Thanks: 0 Thanked 0 Times in 0 Posts	Indian real estate to witness 15-20% price correction Indian real estate to witness 15-20% price correction Industry experts have forecasted that the Indian real estate market is likely to witness a price correction of 15-20 per cent in the residential segments in over-heated markets like Tier I cities where the prices have gone up disproportionately during last 12 months. “Price correction is also expected in the land prices in the major markets (Tier I) over the next 12-18 months, which would lead to fall in the real estate prices in the housing sector.Because, after a certain price level, it will be a buyers market and developers will have to cut their prices.The rising home loan rates would also lead to correction in the prices in residential segment.