Realty price appreciation

@Pranab: Market drivers of an area are the various developments indirectly leads to an increase in demand for residential property and thereby to an appreciation in prices.

Some of the market drivers such as :

* Establishment of an employment hub like an IT park or an office complex.
* Coming up of an shopping mall or a multiplex.
* Social infrastructure facilities like schools, colleges, health-care facilities, restaurants, banks and other public utilities.
* Excellent transportation facilities making the area more accessible through road, rail and air.

Home loan rates have a direct bearing on the demand and the realty price appreciation of an area.

An increase in home loan interest rates results in a decrease in demand for residential property, so there will be fewer buyers who will be ready to bear the additional amount charged by banks by way of interest. There is a decrease in interest rates there will be increased demand for residential property due to the af