Latest trends to watch out for in real estate market in India

The real estate market in India is highly volatile. Before investing in a property, it is important to understand the market trends. Investing in a weak housing market can help you leverage your investment and get better gains. Here are the recent trends in the real estate market in India that you need to know–
  • With a flagging economy, the real estate market in India in the last quarter of 2019 was arguably overvalued. Cities like Hyderabad and Bangalore witnessed the highest increase in y-o-y prices in a property while other cities saw a fall in the prices.
  • In the past year, there was a fall in construction activity in residential properties in India.
  • Housing was made affordable by a reduction in the GST rate. The GST was reduced to 1%  for housing and 5% for other properties to bring a change in the buyer’s perspective.

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