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Coronavirus wave flattens Indian housing market views SECTIONS Last Updated: May 21, 2021, 09:51 AM IST Share Synopsis The latest forecast for no growth in house prices suggests a decline in real terms with Indian consumer price inflation running over 4% and expected to average 4.9% this year. Getty Images Indian housing market activity was slowing from a cash crunch even before the pandemic took hold in 2020. Indian house prices will stagnate this year, hurt by a devastating second wave of the coronavirus which has crushed demand and offset government tax rebates and incentives for property developers, a Reuters poll showed. Asia s third-largest economy has become the global epicentre of the pandemic, with around 26 million cases and about 290,000 deaths so far, pushing several states to reimpose restrictions, stalling business activity.

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