Real Estate Housing Prices And Microeconomic Theory: Case Study Of Four Indian Metro Cities.

Autor: Sinha, S., Kulkarni, A., Pothen, L., Shirodkar, A., Lonare, U., Abhyankar, A. A.
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Zdroj: BVIMSR Journal of Management Research; Oct2020, Vol. 12 Issue 2, p48-58, 11p
Abstrakt: The real estate sector of any country is dependent on the overall economic performance of the nation. Over the last few years, various economic issues have declined the overall demand, specifically in the residential sector. Absorption rates across major cities haveweakened, resulting in a hugeinventory in Mumbai, Chennai, Delhi and Kolkata, with Mumbai being the worst hit. Customers are waiting for a more profitable scenario, whereas developers largely remain in standby mode without decreasingthe prices. Interestingly, this decrease in demand has not led to decrease in prices, which is otherwise suggested by the micro economic theory of price demand and supply. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index