It makes sense to invest now as economy picking up signals has a direct impact on the residential prices and thus we can hope to see real estate prices, including residential and commercial, prices to go up by 15-20% in the next quarter.
The same views are also being aired by top builders and international property consultants and same is valid for both Cat A and Cat B cities. Abhisheck Lodha, director, Lodha Group. Niranjan Hiranandani, MD, Hiranandani Constructions agrees that real estate prices in homes and offices will hike by 15% to 20% in the next few weeks.
The pre built houses are going to see an escalation in the prices due to increase in land cost, infrastructure cost and a rise in demand for homes by 10% to 15% across Indian cities.
This rise is also being attributed to the time when Reserve Bank of India (RBI) is likely to hike interest rates on home loans by 25 to 50 basis points in the next quarter. This is because, RBI is focussed on anti-inflationary measures.
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