NCR-Delhi: Property trend for 2011
Property prices to rise in next one year, then correct: NHB
PTI, Jan 5, 2011, 06.21pm IST
NEW DELHI: Housing regulator, NHB, which is awaiting USD 500 million loan from the World Bank for low cost housing, today said property prices would rise in the next one year, but that would result in correction in these rates in all the metros subsequently. "In the next one year, property prices would be moving northwards which will create a dampening impact on demand, resulting in correction of prices," NHB Chairman R V Verma told reporters on the sidelines of Skoch summit.
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