Housing prices in India

Abstract

Despite a less than efficient Housing Market, Indian residential sector has come a long way since liberalization. There has been multitude of reforms and market is adapting quickly. The stasis in current scenario is more attributed to lack of initiatives from the part of developers than on market dynamics. But the shift that we are seeing in today’s market is more of a structural shift rather than a cyclical one. As developing and lending practices become more transparent, housing market would grow healthily.