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India’s new home sales decline up to 25pct, Knight Frank says

Posted on 31 December 2010

From Bloomberg: India’s new home sales fell as much as 25 percent after prices reached a record earlier this year and aren’t expected to recover in the next six months following six interest rate increases, Knight Frank LLP said.
“The first half of next year will be damp for home sales and prices,” Mumbai-based Anand Narayanan, national director of residential agency at the Indian unit of real-estate brokerage Knight Frank, said……………………………………….Full Article: Source

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