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Despite rate cuts, India's moribund housing market stuck in low gear: Poll

House prices are expected to rise 2.5% next year and 3.8% in 2021, well below the projected pace of consumer price inflation for those periods.

Reuters  |  BENGALURU 

- The outlook for India's moribund property market has brightened somewhat, with house prices this year expected to rise more than predicted three months ago, but those increases will still be the weakest in at least a decade, a Reuters poll found. Until 2015, India's annual property price growth had typically been in the double digits. However, more recently a ban on high value currency notes and a liquidity shortage driven by bad debts on banks' balance sheets have led to a cooling in lending and a housing inventory pile-up. The latest poll of 18 property analysts ...

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First Published: Tue, June 04 2019. 11:00 IST
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