News: Home buyers are expecting prices to come down, but will real estate prices fall?-16/06/2020
Updated: June 16, 2020
Home buyers are expecting prices to come down, but will real estate prices fall?
Residential prices had either remained flat or moved up very tardily in 2019.
Even before Covid-19 arrived in India, the real estate sector was in a bad shape. Residential prices had either remained flat or moved up very tardily in 2019. The sector was trying hard to recover from the demonetisation in 2016, followed by the introduction of the Real Estate Regulatory Authority Act (RERA) and the rolling out of the GST. Little
see price drop in single digits in places where there is oversupply along with weaker fundamentals. In preferred locations where there are quality projects built by developers which are not stressed, we may not see any correction at all,” says Mathur. Click here to download ET Online’s guide to everything personal finance in the times of Covid-19
