Will India’s real estate prices finally face a reality check now?4 min read 06 Apr 2020, 12:48 AM IST
The covid-19 lockdown further threatens the housing sector that has already seen a rise in unsold inventory of houses across leading cities in the country
Anarock Property Consultants expects an annual decline of 25-35% in home sales (top seven cities) in 2020
Chennai: A reality check on real estate prices in India often comes through a process known as ‘time correction’, rather than a drop in absolute prices. Time correction refers to a situation where real estate prices remain stagnant for some years, while inflation and incomes rise, thereby resulting in improved affordability.
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