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Indian regulator RBI’s measures aimed to curb property prices, asset bubble

Posted on 03 November 2010

From Indiatimes.com: Realty developers and property consultants on Tuesday said that Reserve Bank’s monetary measures are aimed at controlling property prices , which have gone up sharply in big cities, but feel that improving housing supply alone can prevent the creation of asset bubble.
Realty firms and property consultants are also of the view that RBI’s decision to increase provisioning for teaser home loans and loans of Rs 75 lakh or more would not have any impact on property demand and prices……………………………………….Full Article: Source

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