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India’s real estate slides as demand down, inventories up

Posted on 20 June 2011

Indians are not buying homes now like they used to, thanks to high prices and costly loans. There is a 30% rise in the inventories of real estate giants over last year, at Rs 25,000 to Rs 30,000 crore.
The developers themselves deny that inventory is piling up, but industry experts say that the high price levels are acting as a deterrent for potential investors. Mumbai and the national capital region (NCR) are the worst-hit, they say……………………………………….Full Article: Source


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