The prices of a majority of the realty projects in the affordable segment, which is the sub Rs 30 lakh category, witnessed a steady or an upward movement during the last six months.According to a joint analysis by SundayET and PropEquity, a real estate data analytics and research firm, out of 822 projects across 13 major cities around 41% or 333 projects witnessed a price hike during the last six months.
The analysis compares city-wise change in project pricing over the period March-April 2009 and September-October 2009 for affordable housing projects.
Industry experts feel that the price increase in the affordable segment may move the focus soon to the mid segment. “The Rs 30-60 lakh segment will see huge demand. However, going forward the focus on the sub 20 lakh category may get diluted to some extent,” said Navin Raheja, MD, Raheja Developers.
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