May 12, 2014
Property prices are likely to increase only after six months, a recent survey said.
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.
“Indian real estate is bound to remain attractive in the medium term with faster growth expected. Active interest will take another six to nine months, since consumers expect prices to go up only after six months”.
The national HSI remained positive at 108. An HSI score of 100 suggests that prices would remain static.