Home sales could rebound in 2013 helped by quicker approvals and lower finance cost

by Paul Joseph on February 8, 2013 · 0 comments

Home sales in India could rebound in 2013, helped by quicker project approvals and lower cost of finance, according to analysts. “Residential markets have entered CY13 on an encouraging note, with robust offtake seen in new launches across markets over the last three months,” global financial services group JP Morgan said in its January report. “We expect volumes in residential markets to improve over the next 12 months on pick-up in pace of new launches coupled with price discounting and mortgage rate cuts.” According to CRISILBSE -1.29 % Research, absorption of new residential units across six key cities – Mumbai, the National Capital Region, Pune, Bangalore, Chennai and Hyderabad –

[via India Properties – Real Estate India – Indian Property News Site]

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