New Delhi: The residential property market in India is expected to be slow all throughout 2020, according to a Reuters poll of market experts.
Property prices are expected to rise by just 2 percent in 2020 and by 2.5 percent in 2021, according to the poll of 17 property analysts. The expected price rise is lower than 3 percent and 4.25 percent that was likely in a similar poll by Reuters three months ago.
Residential property prices went up 5.7 percent in 2018, the lowest since comparable records began in 2010. The poll was conducted between 19 February 2020 and 2 March 2020.
The retail inflation is well above 2 percent and 2.5 percent mark in the country.
Eleven of the 12 analysts who answered supplementary questions said the latest Budget presented by Finance Minister Nirmala Sitharaman will not impact the real estate market.