India housing market to cool this year | The Daily Star
12:00 AM, March 06, 2019 / LAST MODIFIED: 12:00 AM, March 06, 2019

India housing market to cool this year

Indian house prices will barely rise this year as a slowing economy and a liquidity crisis keep buyers on the sidelines, according to a Reuters poll, which forecast prices would fall in Delhi, the national capital.

With non-performing loans rising at major banks and financial institutions, bank lending - the main source of borrowing for developers and buyers - has dwindled, reining in a rampant property market.

After nearly tripling in the past decade and rising for many years at double-digit rates, house price gains have slowed over the past two years, according to Reuters calculations based on the Reserve Bank of India's All-India House Price Index.

Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.

Grameenphone:
Type START <space> BR and send SMS it to 22222

Robi:
Type START <space> BR and send SMS it to 2222


Banglalink:
Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News

Top