For Quick Alerts
For Daily Alerts

Property Prices To Decline By 20-25%: Right Time To Lap Up Property


On Tuesday, Deepak Parekh, MD of HDFC said amid all the chaos due to the pandemic the real estate prices will correct by 20% . In an address to real estate developers at a webinar by Naredco "Prices of real estate have to come down, and will come down". "I believe Naredco's estimate i .. s around 10-15 per cent. One must be prepared for even 20 per cent," he added.

Property Prices To Decline By 20-25%: Right Time To Lap Up Property

Right Time To Buy House Property

"Real estate is an immensely important asset class, and the value of global real estate was more than the value of all the stocks and bonds combined," he said.

And so investors or salaried class whose cash flow situation has not be disrupted due to the current pandemic and lockdown

Earlier in the segment, there was a hit due to NPAs in construction finance, liquidity dampener, high leverage etc.

Warns Developers

Parekh asks the players in the segment to not leverage further as in bad times this can further destroy companies. Also, developers should consider moratorium as a last order relief.

Read more about: real estate deepak parekh
Story first published: Wednesday, April 15, 2020, 8:32 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more