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India: Residential property prices firming up: RBI

Posted on 02 November 2010

From Ndtv.com: The Reserve Bank on Monday noted that residential property prices are on a northward spiral in most of the major cities, especially in Delhi and Bangalore, while in Mumbai it seems to have reached a plateau.

According to the ‘Macroeconomic and monetary developments second quarter review by the RBI’, which was released on Monday ahead of the busy season credit policy tomorrow, while prices in Mumbai in the last three quarters have been showing moderate growth, in Delhi, they have been growing at a faster ate, which it thinks was partly due to the activities in relation to the recent Commonwealth Games…………………………………….Full Article: Source


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