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India’s housing market stalls amid high interest rates (Video)

Posted on 10 January 2012

Last year wasn’t the best for property developers in India, particularly for those in major cities like Mumbai and Delhi. High interest rates and inflation led to a drop in demand with many potential buyers opting to sit tight and wait for a better time to buy.

But with the Reserve Bank of India now pausing on any further rate hikes, will momentum return to the once red-hot sector? The BBC’s Supriya Menon’s been finding out…………………………………….Full Article: Source


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


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