A lack of demand has kept India's property market relatively quiet during the pandemic compared with other world markets that rocketed higher as households scrambled to buy more living space
The growth in all-India House Price Index (HPI) slowed to 2 per cent in the first quarter this fiscal against 2.8 per cent in the year-ago period, according to RBI data released on Tuesday
While the local housing market was already struggling to attract enough buyers, the current crises have resulted in a fall in average home rates by 1.6 percent dragging India's ranking by 12 positions
Annual growth in the all-India House Price Index (HPI) continued to moderate and stood at 1.1 per cent in the second quarter of the fiscal
The all-India House Price Index (HPI) rose 2.8 per cent in the first quarter of the current financial year on an annual basis, according to data released by the Reserve Bank of India
The Indian property market was being hobbled by a cash crunch even before the coronavirus outbreak, which has already infected more than 350,000 in the world's second most populous country
House prices have risen at almost double-digit rates for over a decade in india