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Mumbai residential realty market to start recovery from second half 2012: JLL

Posted on 17 January 2012

Residential property market in Mumbai will start witnessing a recovery in the second half of 2012 as it looks set to bottom out by the second quarter of the year, said property consultancy firm Jones Lang LaSalle India.
“The reduction of interest rates expected by the second half of the year will help kick-start a generalized - though cautious - recovery in demand for residential property, leading to an increase in launches,” a release from JLL quoted Ramesh Nair, Managing Director - West, Jones Lang LaSalle India as saying………………………………………..Full Article: Source


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