Delaying residential property purchase will only increase acquisition cost

Waiting for interest rates to soften is also not advisable, warn experts

After two years of robust price growth, experts expect housing prices to rise at a moderate pace in 2024. Most are of the view that prices may rise 5-10 per cent on average across the top seven-eight cities. Some micro markets with high demand but low supply of quality housing may see faster growth. 

Demand and price drivers

Economic growth:  India’s growth did not falter amid turbulence in the developed world. The Reserve Bank of India (RBI) expects the economy to grow at 7 per cent in the financial year 2023-24. Says Prashant Thakur, regional director & head–research, ANAROCK Group: