Economic Survey blames govt for property prices rising 40%
PTI: New Delhi, Feb 27 2013, 20:29 IST
as base year), there is a general decline in prices of residential properties in some smaller towns, while the increase in other cities is mostly marginal," it added.
In view of increased urbanisation, the housing demand in cities have been witnessing increases over the years.
As per the estimation of the Task Force on Housing Requirements in urban areas during the Twelfth Five Year Plan Period (2012-17), the shortage of dwelling units is 18.7 million units, of which 18.5 million are for the economically weaker sections and lower income groups.
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