'Residential property prices to rise by 10 pc'

Demands have picked up in housing sector, says a private firm

PTI | February 11, 2010



Residential property prices are likely to rise by up to 10 per cent in the next six months as demand has picked up, says a realty consultant firm.

"Prices can rise up to 10 per cent in the next two quarters in the housing segment. In the last eight months, the segment has seen very robust demand," Cushman & Wakefield executive director Ravi Ahuja told PTI on the sidelines of a CII real estate event here.

The country has seen and upswing in demand for both affordable and the premium housing segments, he added.

"In 2009, the prices had gone up, on an average, 15-20 per cent across the country. The highest rise was in Mumbai and it was in the range of 30-40 per cent," Ahuja said.

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