The consistent escalation in real-estate prices is quite impossible to explain.
Conventional logic has it that if there is a slowdown and sales are not happening, property prices are going to fall.
But despite two years of slowdown, real-estate prices have not corrected substantially to attract buyers.
With the festival season starting, both banks and builders are back in action trying to attract buyers through sops like lower rates and freebies. But is it enough?
The strong argument is - No.
Text: Amar Pandit, Founder, My Financial Advisor (via Business Standard)
Images: Reuters and Associated Press