How has inflation affected the real estate market in kolkata and india as a whole?

Question

How has inflation affected the real estate market in kolkata and india as a whole?

Answer 1

yes, it has

Answer 2

Not much. Just because inflation has gone up by 50% the flat prices will not go up by 50%.

The resale prices are not much affected.

The construction cost will go up. Also the home loan interest rates may increase.

People in need will always buy flats.

Answer 3

Yes, Inflation affects the real estate....if you compare inflation with real estate, you may notice that the price will go down due to rise in inflation rate. This is due to price rise in all other sectorial area.

Answer 4

It has effected real estate in india in bad way. I wont agree those who need flats will buy flats. Cost is one of the main concern . If all the raw material is increased by 20% then price of house will go by 20% . Lets say flat cost 20lakh , now it will cost 24 lakh . Now there is increase in loan rates and high inflation result more money to run your house. I am sure lot of people will back up. Most take loans for 10 to 20 years and half percent loan interest rate , means a lot.

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Answer 5

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