While there are visible signs of a recovery in the real estate market, price hikes by developers and any increase in interest rates could halt this momentum, writes Ram Prasad Sahu.
The realty sector, which was the worst affected by the downturn last year, seems to be exhibiting early signs of a recovery.
Price cuts on projects over the last six months and healthy pre-sales during the festive season seems to suggest that demand, which had all but disappeared in the third and fourth quarter of 2008-09, seems to be trickling back.
Developers are tweaking their business model by launching smaller apartment sizes and playing the volume game to keep prices low and create buyer interest.
More : business.rediff.com
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