Sudden fall in demand for real estate but property prices increasing.

Q: How has property prices recovered inspite of the sudden fall in demand for real estate?

Pavan Jain, Delhi-NCR

23rd November 2011

Real estate News in Ghaziabad

increase in property price

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Demand for property is not the only thing that depends the property price. As Sanjay said, development in infrastructure and prime location or a new shopping mall, entertainment center etc can also play vital role in increasing the property price. Beyond these RBI key rate can also influence real estate price.

sujatha,

23rd November 2011

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Properties are getting costlier because many factors like upward revision in development charge, revision of sector rates, based on water supply, increase in circle rates, etc. Improvement in infrastructure is also one of the factors, for eg., widening of expressway roads, constructing bridges, widening several internal as well peripheral roads, construction of flyovers, new group housing scheme. All these factors add up to increase in quality living but still there is decrease in demand.

Sanjay Gupta, Delhi-NCR

23rd November 2011

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