Home prices will increase in the current financial year, due to increase in demand: Report

There will be an increase of eight per cent in housing prices in the current financial year.

There will be an increase of eight per cent in housing prices in the current financial year. This increase could be mainly due to increase in demand from end users. India Ratings and Research has estimated this.

housing in the current financial year ,Housing, There will be an increase of eight percent in prices. This increase is mainly due to the demand from the end users. (Demand) may be due to the increase in India Ratings and Research has estimated this. The rating agency said in a statement on Monday that the sale of homes (Housing Sale) The boom and increased demand is due to the end user. hence the increase in prices (Price Increase) is sustainable and it is growing. In the last financial year, the prices of houses at the all-India level had increased by six per cent. Apart from this, the prices have not increased as fast with the increase in home sales in India so far.

According to the statement, the agency expects an increase in the price of residential property in the financial year 2022-23. This growth will be around eight per cent all India level, led by Bengaluru, Mumbai, Pune and Hyderabad.

Home sales will increase by 12%: Report

According to the agency, the sale of houses in the current financial year will increase by about 12 percent on an annual basis.

Apart from this, let us tell you that the credit rating agency ICRA has informed on Friday that it has reviewed the outlook for residential properties and has stabilized the outlook for the current financial year from negative, according to the rating agency Outlook. The main reason for upgrading is the increase in demand. There is a gradual improvement in the demand for homes in many parts of the country. On the other hand, the credit rating agency said that the prices of houses are expected to rise this year, while home loans may also become expensive, although even after these signs, the sector will remain stable.

ICRA said in a statement that the improvement in outlook is due to several factors such as sales reaching a multi-year high, increasing share of affordable homes, home loan interest rates hitting record lows, ICRA said. The thinking of taking their own house in Indians is increasing continuously. The benefit of which has been seen on the sale of houses.

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