The year 2015 witnessed decrease in home loan interest rates coupled with various incentives being offered by developers. However, the transaction volumes in residential real estate continued to remain on the lower side across cities. Though select cities witnessed increase in enquires towards the end of the year; in general, the residential buyer was cautious.
According to a report by Grant Thornton Advisory Pvt. Ltd, Indian Real Estate Sector Handbook 2015, the primary reasons for this restraint are increasing delay in the existing under-construction projects, quality issues and higher price points.
Read more: Livemint
