How India plans to sustain property boom on back of growing economy
India’s property market is experiencing a strong demand cycle, with rising sales and prices. Mazhar Syed, director at AsmitA India Realty, notes that despite new residential projects, prices in major economic hubs continue to rise due to factors like economic growth and foreign investment. The sector is optimistic, with positive consumer sentiment and increased interest from non-resident Indians (NRIs). Challenges include escalating land costs and the scarcity of skilled labor, which can impact affordability. However, experts remain hopeful that the growth will continue, with a favorable investing environment.
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