Residential real estate prices in India are rising with affordable apartments seeing the biggest increase of 10% in the last three months, according to the latest figures.
It is leading to developers to increasing prices with values having gone up by between 5 and 10% in the same period amid warnings that they will be regarded as being too greedy.
In response, developers have hit back, pointing out that they actually reduced prices by around 30% in the first two quarters of 2009 and this has helped revive the struggling real estate sector.
More : propertycommunity.com
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