ahmedabad the upswing has begun not only have the sales picked up but the prices of residential property too have increased 515 in the last couple of months with a long festive season ahead realty experts believe property markets could see heightened activity provided developers desist from increasing prices of residential space any further the festive season septemberdecember has historically been a buying period with a large chunk of overall sales being converted during this auspicious time some developers see as much as 3040 of the yearly sales taking place during the festive season says aditi vijayakar the executive director residential services india of cushman wakefield cw a global realestate consultant residential prices have increased by 515 from the bottom it made in the first half of the year if the developers continue to raise the prices then the renewed demand and interest that is being witnessed will start to abate she cautioned while talking about the upcoming season which is also a source of attraction for the cashrich nris the previous year has been a taxing one for the real estate industry and the initial signs of recovery are evident in the market and as most of the sales happen during the festive periods developers have to be cautious not to hike prices in projects and new launches as this will drive out the end users and prolong the revival in the residential space ms vijayakar remarked according to the expert almost all cities are registering a rise in sale as transactions had frozen up during the start of the year but now as the economy has stabilised and is back on the growth trajectory there is a revived interest in buying homes by end users and this increase in confidence better economy favourable borrowing conditions rationalised capital values amongst others which is promoting rising sales across india however developers and builders are eyeing the renewed demand in the residential space as a huge opportunity after almost a yearandahalf we see a renewed demand in the residential sector during the last three months sales have picked up by almost 100 and with a long buying season ahead the property prices will definitely move up the graph says sameer sinha of savvy infrastructures ltdin ahmedabad going by conservative estimates the prices of residential property is expected to rise by another 2530 in the next one year mr sinha said adding that the prices in the city have already risen by about 15 since the markets bottomed out earlier this year the fresh demand in the housing sector has boosted the confidence of developers as well earlier this month the citybased body of developers gihed gujarat institute of housing and estate developers displayed about 500 projects worth rs 3000 crore at property show in ahmedabad as the economy recovers and grows on a panindia basis residential demand is expected to grow along side cw research estimated demand to be over 75 million units by