Insights from CREDAI’s president on housing market dynamics
The Indian property market is expected to experience prolonged expansion this year due to consistent housing demand, as per Boman Irani, chief of the Confederation of Real Estate Developers’ Associations of India (CREDAI). In his latest industry forecast, Irani highlighted the robustness of the sector and anticipated that real estate prices would increase at a pace surpassing the inflation rate, fueled by ongoing demand and advantageous market scenarios.Driven by economic recovery and rising aspirations among those seeking homes, the real estate market in India has experienced a significant comeback over recent years. Despite global economic challenges, the sector has stayed…