CRISIL Research says that there will be 5% correction in the realty prices in Ahmedabad this year. A recent report released by CRISLI Research, titled ‘Real(i)ty Next: Beyond the Top 10 Cities of India’, estimates a correction of 5% in real estate market of Ahmedabad.
The report, however, reveals that realty prices may rise by up to 10% in Vadodara while in Surat, a moderate rise is expected. The study finds that 10 smaller cities —Vadodara, Surat, Bhopal, Bhubaneswar, Coimbatore, Indore, Jaipur, Lucknow, Nagpur and Visakhapatnam — offer better price stability and demand growth. It foresees prices rising in seven of the smaller cities, including Vadodara and Surat.
In contrast, prices are likely to increase only in four of the 10 large cities surveyed. Though the agency names these large cities _ Ahmedabad, Bengaluru, Chandigarh, Chennai, Hyderabad, Kochi, Kolkata, Mumbai, National Capital Region, and Pune, it does not specify in which of the four large cities the prices will rise.
