After stabilising in 2002, real estate prices are poised to rise in 2003.
Increased demand from the information technology, infotech-enabled services and the insurance sectors is expected to shore up commercial property prices. Residential property prices are climbing already.
Data from Cushman & Wakefield shows the decline in rentals and prices of residential property in New Delhi was arrested in 2002 and the market is likely to strengthen this year.
