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India: Real estate market heading for a dip

Posted on 27 June 2011

Real estate market is heading for a steep fall in the coming quarters. Lack of buying interest at the current exorbitant prices and rising cost of funds both for developers and customers have reduced activity in the market to a trickle. While most developers are resisting cutting prices, they can do little to push sales at the going rates.
After a moderate correction in 2008 following the global financial crisis and slowdown at home, real estate prices climbed back in 2010, with some sectors regaining and even surpassing old peaks………………………………………..Full Article: Source

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


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