{"id":601,"date":"2024-04-18T14:17:00","date_gmt":"2024-04-18T14:17:00","guid":{"rendered":"https:\/\/www.saldanha.in\/blog\/?p=601"},"modified":"2024-05-13T14:18:52","modified_gmt":"2024-05-13T14:18:52","slug":"residential-real-estate-prices-in-india-to-go-up-4-6-this-year","status":"publish","type":"post","link":"https:\/\/www.saldanha.in\/blog\/residential-real-estate-prices-in-india-to-go-up-4-6-this-year\/","title":{"rendered":"Residential real estate prices in India to go up 4-6% this year"},"content":{"rendered":"\n<p>Source: Business Standard (<a href=\"https:\/\/bit.ly\/3QGcqx2\">https:\/\/bit.ly\/3QGcqx2<\/a>)<\/p>\n\n\n\n<p>Home prices in India are likely to increase by 4-6 per cent this year but rising per capita income will support demand. Moderating inflation, stable commodity prices, a lower fiscal deficit, and a decline in global policy rates would set the stage for interest rate cuts to boost housing demand, according to CRISIL Ratings.<\/p>\n\n\n\n<p>&#8220;Range-bound growth in capital values and likely moderation in interest rates in the second half of this financial year will ensure affordability improves following a decline in the past two financial years due to a sharp increase in interest rates and capital values,&#8221; it said.<\/p>\n\n\n\n<p>CRISIL Ratings said that \u201ccontinuing premiumisation\u201d, affordability, and rising per capita income should help large, listed residential developers achieve 10-12 per cent growth in sales volume this year, following an estimated growth of 14 per cent last year.<\/p>\n\n\n\n<p>Real estate supply has shifted towards mid-to-premium and luxury homes and launches in the affordable segment are expected to remain subdued. &#8220;The share of launches in the mid-to-premium and luxury segment is estimated at 55 to 60 per cent for 2023-24, compared with 30 to 35 per cent before the pandemic,&#8221; said the report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home prices in India are likely to increase by 4-6 per cent this year but rising per capita income will support demand. Moderating inflation, stable commodity prices, a lower fiscal deficit, and a decline in global policy rates would set the stage for interest rate cuts to boost housing demand.<\/p>\n","protected":false},"author":1,"featured_media":597,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":""},"categories":[7,20,3,9,8],"tags":[],"_links":{"self":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/601"}],"collection":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/comments?post=601"}],"version-history":[{"count":1,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/601\/revisions"}],"predecessor-version":[{"id":602,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/601\/revisions\/602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/media\/597"}],"wp:attachment":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/media?parent=601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/categories?post=601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/tags?post=601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}