Luxury housing boom to lift India home prices through 2028: Poll
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A Reuters poll indicates that average home prices in India are projected to rise by 5% annually through 2028, driven by demand from wealthy buyers and a focus on high-end housing projects. This trend contrasts with a significant drop in demand for homes priced below 10 million rupees. Analysts expect urban home prices in major cities to increase by 5%-7% over the next three years, while average urban rents are anticipated to rise by 6%-15%, exacerbating the rental situation for middle- and lower-income demographics.
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