India's home prices expected to rise 7.75% this year, driven by luxury property demand due to lack of affordable housing and urban migration.
A Reuters poll indicates India's home prices will rise, driven by luxury property demand, with a 7.75% increase expected this year and 6.0%-6.25% in the following years. The shift towards luxury homes is fueled by a lack of affordable housing and urban migration, leading to higher rents projected at 6.5%-10%. India's property market has improved significantly, recognized for transparency and attracting both institutional and retail investors amid global challenges.
September 02, 2024
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