India is a diverse country in terms of culture, religion, social status and lifestyles of its people. But it is a matter of pride that despite all diversities, India manages to go hand-in-hand at all levels. One such example is the economic disparity among the people of our country which also has a direct impact on the real estate industry. While some can afford bungalows in a city like Mumbai, other look forward to buying a compact home in a suburb that fits their budget.
Recently, the real estate market witnessed a record high level in price. However, a simultaneous increase in people’s disposable income was also recorded. This maintains the affordability and price rise balance in the Indian real estate market. [Read more…]