It's true that Real Estate prices in India normally do not fall. But if the demand weakens then usually prices remain stagnant. If we look at the real estate prices for the last 4-5 years, the prices have been stagnant. It's been driven by weakened demand and large unsold inventory piling up. Lots of builders are happy to keep the inventory and not sell at discounted prices. Since prices have been stagnant for a good number of years and Bank interest rates are at the lowest level, it's probably a good time to invest in real estate.
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Is it true that the real estate sector in India is not driven by supply-demand economics? Is this why prices never fall even during a recession?
AvinashK
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5 Year
2020-08-27T16:01:31+00:00 2020-11-11T17:32:18+00:00Comment
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