The plight of realty firms is going from bad to worse with each passing quarter. That’s reflected by the BSE Realty index, which has plunged 53% in the past one year, more than the Sensex, which fell around 17%.
About a dozen rate hikes by the Reserve Bank of India (RBI) since March 2010 has hit the realty firms more than any other industry. Costly retail loans have resulted in a slowdown in sales of residential property……………………………………….Full Article: Source