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India property news: Residential demand improves



Country:  India

16 September 2009

Demand for residential properties in India is improving due to the availability of cheaper mortgages, rising employment levels, and recent India property price cuts, according to research conducted by Religare Capital Markets Ltd.

India property developers such as Ackruti City Ltd, Anant Raj Industries Ltd, Omaxe, Parsvnath Developers and Sobha Developers, all slashed residential prices after sales levels slumped following the economic downturn.

However, following the recent pickup in residential demand, Religare projects that India property prices, particularly at the top-end of the market, could appreciate by as much as 15% over the coming months.

Property in places such as Mumbai, New Delhi and Pune are proving most popular.
 


See Also:   India, Marc Da-Silva, Overseas property investment news


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