Ansal Properties feels that demand may see a boost on the back of festive season going forward. However, prices may not see a reduction as input costs are high and supply needs to improve, Dinesh Gupta, COO of Ansal Properties told CNBC-TV18.
Shobhit Agarwal of Jones Lang LaSalle India explains about the need to introduce foreign direct investment in the real estate sector. He cites the rise in input and developmental costs as few of the reasons for the same.
India is worried about the impact on inflation from rising farm labour costs, although a good harvest should dowse some of the fire in consumer prices, Ashok Gulati, chairman of the agriculture ministry's commission on farm costs and prices, said.