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Real Estate Briefing - Categorized | Finance, Market Moves more

Real estate in Mumbai: Property dealers waiting for market correction

Posted on 14 June 2011

Unaffordable housing prices and a scam-ridden market have prompted investors to stay away from investing in the real estate market. Property dealers and research firms say investors are not keen to buy assets now, while those who do, are looking for suitable exits. Many are, in fact, waiting for a market correction.

Certain industry sources believe the downtrend in prices has already started and a price correction is inevitable. “Unofficially, the prices have already corrected. Some investors and developers have already exited at lower prices,” said an industry source……………………………………….Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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