Economic Factors Affecting the Kolkata Real Estate Prices (1)

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Economic Factors
Affecting The Kolkata Real Estate Prices
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Introduction
The introduction of Pradhan Mantra Awas Yojana
changed the face of real estate investment.
Thus, contributed to the rapid growth of real
estate across the country, with the rising
economic status and purchasing capability of
India's middle class. Hundreds of factors
impact the Indian housing market, including
economic conditions, interest rates, income,
population density, etc.
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Economic Growth
Economic Factors That Impact the Real Estate
Market

• Firstly, the requirement for luxury apartments in
  Kolkata, and ultimately price depends on the
  economic situation of the nation. For instance,
  during the recession phase, lower income makes
  people less willing to buy homes. This results
  in lower home prices.

Interest Fee
Secondly, interest rates affect your monthly
EMI. As the interest rate increases, demand for
housing projects decreases. Pradhan Mantri Awas
Yojana will lead to a surge in the number of
homebuyers
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Customer Trust
Economic Factors That Impact the Real Estate
Market
After the introduction of RERA in 2016, the Real
Estate Act prioritized the interests of buyers
and imposed strict regulations on agents and
builders trying to cheat customers. Mortgage
Availability Most of India's state-owned and
private banks are now keen to offer mortgages to
first-time homebuyers and property investors.
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An Economic Slowdown in Home Sales People,
natural resources, capital formation, and
technological advancement all impact a country's
economy which affects the real estate market
directly Some of the factors include economic
growth, interest rates, consumer confidence,
mortgage availability and an economic slowdown in
real estate sales. Salarpuria Group is one of the
best real estate developers in Kolkata that has
gained the trust of home buyers.