06/13/2006

Big rises are out, prices will stabilise

Will the stock-market slump affect the real estate market?
Experts across Mumbai, Bangalore, Chennai, Hyderabad, and Delhi feel the downturn in the bourses may affect short-term sentiment in the realty market but will not lead to a fall in property prices, as the fundamentals of the real estate market are strong.
Property sector in Gurgaon and NOIDA remain buoyant due to continued demand from IT/ITES players. “This year, we may not see the 20-30 per cent rise in prices as in the last couple of years, but prices will still move north,” said a report prepared by Cushman and Wakefield.

Source:http://www.dnaindia.com/

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