Indore: 20 cities that have witnessed maximum property price hike in the country during January-March 2013 (according to NHB) also include Indore and Bhopal. While Bhopal is experiencing 6 percent property price hike, Indore is at a meagre 0.52 percent. The prices remain almost stagnant in the city. The primary reason for this situation is that the real estate industry in Bhopal is mostly end user driven whereas in Indore it’s only investor driven and it is always the users who are responsible for tweaking the property prices by contributing in increasing the demand.Realtors in the city have claimed that wherever the market becomes investor driven, stagnation of property price is inevitable. Thus Indore remains the cheapest compared to other state capitals. Many developers have also said that the property prices are largely dependent on the factor of demand and supply and if both go together then the hike is almost negligible. Few months back when the citizens were booking properties in high numbers, the property prices were growing but now, mostly investors are booking and only few users have come forward to book the flats, resulting into more supply than demand.The housing finance regulator, National Housing Bank has revealed that the prices of houses have increased by 1.1% in 20 major cities (where real estate developments are witnessed) in Jan-Mar 2013.займ на карту без отказов круглосуточновзять кредит онлайн
