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India’s stunning house price boom continues!

Posted on 12 October 2011

India’s housing markets surged in Q2 2011. There were amazingly strong house price increases, despite an economic slowdown which saw gross domestic product grow by ‘only’ 7.7% during the year to Q2 2011, the weakest growth for six quarters, due to high interest rates and the poor performance of mining and quarrying (1.8% annual growth), construction (1.2%) and the manufacturing sectors (7.2%).
India ranked second out of 50 countries for annual growth of residential prices, in Knight Frank’s latest global housing price index. During year to Q1 2011, house prices rose 21.3%……………………………………….Full Article: Source


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


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