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Tough economic times hit Indian property firms

Posted on 15 August 2011

India’s real estate sector, which soared as the country’s economy took off and higher incomes led to increased demand, is facing turbulent times as interest rates push up the cost of home loans.

A succession of rate hikes has prompted prospective buyers to delay purchases, with the situation having a knock-on effect on the country’s top property firms……………………………………….Full Article: Source

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


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