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India: Luxury homes set to get cheaper in new year

Posted on 31 December 2010

From Hindustantimes.com: This has been the year of the luxury home. Speculators returned to the real estate sector to cash in on the upper-class Indian’s luxury urges. Result: a sharp spurt in residential property prices, while commercial and retail realty prices remained muted. But if you are planning to buy a house, the new year could still bring cheer.
Residential properties shot up around 50% in some pockets. Some rationalisation is likely in 2011 — 15% is a figure being mentioned by industry sources — especially in view of RBI’s tightening of monetary policy recently, restricting money supply in the system and putting off speculators……………………………………….Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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