Property Trend: Slump ahead?
Update 14 Feb 2011
The Bubble May be Set To Burst Again
Property prices in major Indian cities, including Mumbai and New Delhi, are set to slump by as much as 30% in the next three-six months as rising interest rates and tighter lending norms have led to a sharp drop in demand for homes.
"Softening in prices would begin in a month or two if sales continue to be low," said Adhidev Chattopadhyay, an analyst at Mumbai-based Edelweiss Securities Ltd. A Credit Suisse note on 19 January forecast that property sales in India may decline unless prices are cut 10-30%.
Categories: Delhi, Gurgaon, NCR, Noida Tags: delhi property trend, gurgaon property trend, mumbai property trend, ncr property trend, noida property trend