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A fresh lease of life for real estate?

The Reserve Bank has taken all the right steps to attract home buyers and encourage housing finance companies. A couple of other things can complete the suite

Topics
Real Estate  | Real estate firms | Residential property market

Tamal Bandyopadhyay  |  New Delhi 

Tamal Bandyopadhyay

Real estate developers have started announcing the return of the buyers to the market, setting the stage for an increase in home prices. In a seemingly related development, despite a fall in household income, this calendar year, Kolkata has emerged as the most affordable market for buying a property, compared with six other major cities across India — Hyderabad, Pune, Chennai, Bengaluru, Delhi-NCR and Mumbai — according the JLL Home Purchase Affordability Index.

A sharp drop in home loan rates is the most potent contributor to this. Barring the affordable housing segment, ...

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First Published: Sun, November 01 2020. 21:21 IST
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