Realty trends in India have always kept analysts guessing. With household incomes varying across metros in the country, the task gets even more complicated.
In financial capital Mumbai, buyers have kept away from the property market due to sky high prices.
This is depicted by a fall in the absorption rate in the city. Absorption rate is the number of apartments sold per month of the inventory in a particular market. It is an indicator of the demand situation in a particular real estate market.