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India’s residential property market may be headed for hard landing

Posted on 04 April 2012

According to Himadri Mayank, Senior Manager of Jones Lang LaSalle India, the residential property market in India, particularly in the Tier I cities, has remained sluggish for the past 12 months, with significantly lower sale volumes when compared to the high absorption rates of 2010.
Home loan interest rates now seem to be at their cyclical highs (but should soon decline) and unforeseen tax levies have come at a time when the industry is facing its moment of reckoning………………………………………..Full Article: Source


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