Luxury Property Boom to Skyrocket Home Prices in India
- Home prices in India are set to rise steadily, driven by demand for luxury properties from wealthy individuals, according to a Reuters poll of housing experts. - Economic growth benefits are increasingly being funneled to a select few, leaving millions of job-seekers out of the growth story. - Aspiring first-time buyers are forced to keep renting as affordable homes dwindle and cash-rich individuals corner the property market. - National home prices in India are expected to rise 7.75% this year, with further increases of 6.0%-6.25% in the next two years. - Developers are focusing on luxury housing projects, aligning supply with prevailing demand, while affordable housing continues to suffer. Source: [Reuters](https://www.reuters.com/world/india/luxury-property-frenzy-set-drive-up-home-prices-india-2024-09-03/)
BaatMaan
Stealth
17 days ago
IamBiztech
Student
17 days ago
LooseGoose
Stealth
17 days ago
DirtyDot5
Stealth
16 days ago
Discover More
Curated from across