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Tuesday, May 13, 2014

Property prices likely to increase post elections: Survey

The Housing Sentiment Index (HSI) assessed by IIM Bangalore and Magicbricks.com forecasts that home buyers across eight of 10 cities surveyed expect real estate prices to rise over the next six months. 

Cities like Ahmedabad, Kolkata, Mumbai, Delhi, Hyderabad, Pune, Noida, Gurgaon, Bangalore and Chennai were surveyed.

"Indian real estate is bound to remain attractive in the medium term with faster growth expected in the Tier II cities. Competitively priced urban pockets such as Noida, where robust supply is backed with a promise of better infrastructure, received a thumbs-up from end users.

"However, active interest will take another six to nine months, since consumers expect prices to go up only after six months, post the 2014 elections," Magicbricks.com Business Head Sudhir Pai said in a statement.

with thanks : Jagran : LINK : for detailed news.

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