Due to the Corona epidemic, China's troubles are not taking the name of ending. Once again Corona is ready to spread its foot in China. This is directly affecting the property market of China, which is witnessing a significant decline. Global investors are now gradually withdrawing their investment from China, and are looking forward to investing heavily in India's real estate sector. According to the report, real estate firms like Singapore's Capitaland Investment want to invest in India.
New home prices in China fell at the fastest rate in 7 years, according to data from China's National Bureau of Statistics. While on the basis of floor area, there has been a decline for the 15th consecutive month in October. Investment in fixed assets declined by 8.8%. At the same time, there has been a decline of 22.3% in the commercial floor space. Also, there has been a decline of 26.1% in the revenue coming from commercial buildings.
The property price index in India has been steadily increasing over the years. The All-India House Price Index published by the Reserve Bank of India (RBI) grew at an annual rate of 3.5% in the June quarter, which is 1.8% higher than the previous quarter.