"I see that the stock prices leave no room for comfort because now the pricing is going beyond the common man s reach," analyst Sanjiv Bhasin told ET Now. He said this referring to the escalation in property prices notwithstanding a benign input cost.
The current situation is generally advantageous for developers because consumer enthusiasm is strong and input prices are on the rise, providing a sense of higher value in sales.
India eyes cementing gains over China in another arena as economic woes persist in the world s second largest economy largely rocked by property crisis. Forecasts predict India s cement demand growth for property, diverging from China s sluggish sector, though China s cement producers may stabilize margins while India s might be limited by rapid production expansion.