Godrej Properties said that the realty prices are likely to go up further in cities other than Mumbai and Delhi in the next two months on the back of a stupendous demand across the country.
“Depending upon location and other amenities,real estate prices are set to go up across the country in the next two months. The reason being increased demand,” Godrej Properties Managing Director Milind Korde said.
However,he was not willing to hazard any guess on the extent of price rise.
Korde said that realty prices in South Mumbai and Delhi are already overheated; but it is recovering in cities like Bangalore and Pune since the fall in October 2008,and hence,there is a lot of scope for the prices to move northward.
“The current huge demand is mainly from the middle-income class segment.