About land price increase, Madan said that currently there is a lot of speculation. Mishra said people want to see stable interest rates which will reassure people that their cost of EMI does not go up. But it has hit a plateau in recent months. The demand seems more tilted towards premium projects.” After the Covid pandemic was over, housing demand saw a strong rebound. But there are positive leads which can drive the market in the coming times. Echoing similar sentiments, Anand Mishra, vice-president of CREDAI-Rajasthan said, “There are no fireworks in the property market this Diwali. That’s why existing projects offer a better deal now,” added Madan.
The new projects where land is being purchased now might see some price increase. property developers have already increased rates by around 20%. That’s why it is the right time to buy a house.” As per industry estimates, land and raw material prices have increased by about 25% in the past one and half years. Housing prices will rise further because of high land prices. But we expect the demand will increase in the coming months. The rising trend of interest rate hikes has impacted the customer sentiment. Dhirendra Madan, president of CREDAI-Rajasthan said, “Housing sales are steady this Diwali. Besides rising interest rates, the sector is currently battling cost pressures coming from higher land rates and increasing raw material prices. Additionally, builders are open to bargains as they prefer to be in a position to dodge any possible risk, said representatives of the industry. Thankfully, the sector does not have a large inventory. It also received 33% from metacritic based on 10 reviews.JAIPUR: Demand for houses remained subdued in the run up to Diwali with builders saying that rising interest rates has impacted consumer sentiment.
State Property 2 received negative reviews from critics but was an improvement to its prequel generating only 14% from rotten tomatoes from 14 reviews.
0 kommentar(er)
