Home prices set to accelerate again

A housing advertisement in the city of Hydrabad

BENGALURU: Indian house prices are set to accelerate this year to a pace not seen in half a decade, according to a Reuters poll of property analysts who also warned that higher interest rates will crimp affordability, especially for first-time buyers.

A lack of demand has kept India’s property market relatively quiet during the pandemic compared with other world markets that rocketed higher, as households scrambled to buy more living space. Those markets are now cooling.