Many Indian developers raise prices for residential real estate, justifying this increase in wages, especially in the IT-sphere. Developers DLF, Puravankara, Brigade, Sobha and the Prestige, in particular, have raised prices by 5-15%. In Bangalore, prices rose by 10-15%, although they are still below their peak in 2007, the year. Real estate developers raise prices for housing for the middle class in demand. "Purchasing power is growing, and we expect strong demand for housing will continue, despite the rise in prices", - said Snarup Anish, first vice president of Prestige Group. On this Site: http://www.propertywire.com
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