NEW DELHI: Housing prices remained largely stable during the last month across the country's seven major cities while supply dipped marginally, according to property consultant CBRE.
"After recording an improvement in sentiments in August, the residential market saw a marginal dip in fresh supply of housing units during September," CBRE South Asia CMD Anshuman Magazine said in 'India Realty Market Update' for September.
The consultant tracks real estate market of seven cities - Delhi-NCR, Mumbai, Chennai, Kolkata, Pune, Hyderabad and Bangalore.
The consultant said the new project launches will increase over the next few months on the back of festive season, a revival in economic sentiments, and tax incentives introduced by the new government.
"Prices remained stable across most locations, barring central locations in Chennai, which saw a 8-10 per cent rise over price points in August, CBRE said.
"After recording an improvement in sentiments in August, the residential market saw a marginal dip in fresh supply of housing units during September," CBRE South Asia CMD Anshuman Magazine said in 'India Realty Market Update' for September.
The consultant tracks real estate market of seven cities - Delhi-NCR, Mumbai, Chennai, Kolkata, Pune, Hyderabad and Bangalore.
The consultant said the new project launches will increase over the next few months on the back of festive season, a revival in economic sentiments, and tax incentives introduced by the new government.
"Prices remained stable across most locations, barring central locations in Chennai, which saw a 8-10 per cent rise over price points in August, CBRE said.
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