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Real Estate Briefing - Categorized | Finance, Market Moves more

Mumbai: You may get cheaper homes, thanks to US

Posted on 10 August 2011

There is an overwhelming consensus in the city’s real estate community that the downgrading of America’s rating and the subsequent tumble in global stock markets will give builders just the excuse they needed to do a course correction in prices to counter flagging sales.
The result? Realty prices in the city may see a 20 per cent fall across the board in less than three months. The situation would be similar to the 2008 slowdown, when builders had slashed prices by 30 per cent to attract buyers……………………………………….Full Article: Source


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


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