Recession or Recess?

rupjivihar-GovandiRecession or Recess?

According to the industry sources, property rates all over the country have started to converge into stagnation stag. But is it recession or just a recess to restart the rally.

By Dr Sanjay Chaturvedi

Real Estate industry is talking on correction period all over India. Brokers, especially, are absolutely convince that the market is set to fall. In many areas, they say, that the property rates have started falling. Accordingly, Goregaon, Malad, Mira Road, Vasai and Virar on western suburbs and Mulund, Bhandup, Kurla, Chembur and Govandi on central side have started stagnating the level of property prices.

Pune, Nashik, Noida, Jaipur, Bangalore, Chennai and Hyderabad are also feeling the cold wave in the property market, according to the industry leaders. Reason they say is hike in housing finance interest rates and unaffordable property rates.

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