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India: Financial turmoil adds to real estate sector’s woes

Posted on 12 August 2011

The global financial markets turmoil since Standard and Poor’s downgraded US sovereign rating last week may have a medium-term impact on India’s real estate sector, putting a freeze on fresh office rentals and property purchases as well as on foreign capital.
India’s property sector is already battling its own issues—a liquidity squeeze with banks restricting lending, slowing sales, high property prices and soaring debt……………………………………….Full Article: Source

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