Higher property prices to boost realty show

The real estate market is still recovering from the asset price crash in 2008-09 with some of the key pockets either coming close to the peak prices of 2007-08 or even surpassing them as in the case of Mumbai.

The bounceback in property prices is on the back of low real estate inventory which, on an aggregate basis, was at 7-14 months of sales in March 2010 as compared with 18-30 months in the second quarter of 2009, according to Credit Suisse report.

Although overall volumes continued to soften the performance of firms operating in Gurgaon within the Delhi NCR, pockets in Mumbai could see some upside in the coming quarters. The top real estate players will post double-digit revenue growth for the quarter ended June over the year ago period.

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