Housing in Bangalore: Difference between revisions

{{Main|Indian property bubble}}

The Indian property bubble refers to the concern expressed by some Indian economists that [[Real estate economics|housing market]] in some major Indian cities may be in a [[property bubble|bubble]]. The real estate sector is thought to be collapsing due to increasing costs of financing. Real estate projects in India take a long time to complete due to a complicated and corrupt regulatory mechanism. Several of the India's publicly traded real estate firms are in debt. The inventory of unsold real estate assets is growing and it is expected the market will undergo price corrections.<ref name=Slump>{{cite news|title=A Housing Slump in India|url=https://www.nytimes.com/2013/09/11/business/global/a-housing-slump-in-india.html?pagewanted=all|accessdate=5 July 2015|work=[[The New York Times]]|date=10 September 2013}}</ref> According to Mumbai-based market research agency, Liases Foras, 30% of the transaction in the real estate sector is done with black money.<ref name=Looms>{{cite news|title=Modi's 'Black Money' Crusade Looms Over Property Bubble|url=https://www.bloomberg.com/news/articles/2015-03-18/modi-s-money-laundering-crusade-looms-over-india-property-bubble|accessdate=7 July 2015|work=[[Bloomberg News]]|date=19 March 2015}}</ref> In September 2019, India announced that it will provide $1.41 billion of funds to boost affordable and middle income housing,  as part of measures designed to aid India’s slowing economy.<ref>{{Cite news|url=https://www.reuters.com/article/us-india-economy-housing-idUSKBN1VZ08K|title=India to provide $1.4 billion to boost affordable, mid-income housing|date=2019-09-14|work=Reuters|access-date=2019-09-17|language=en}}</ref>