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India: Real estate market still sluggish

Posted on 19 November 2012

The festive season has not lifted the spirits of the property market in India. Despite aggressive marketing and great offers made by developers during Diwali eve, investment in properties have remained lukewarm due to high prices of houses in and around Delhi and the national capital region (NCR) region.
Major factors cited have been high prices of land and the unprecedented rise in the cost of construction materials, iron, cement and labour, says the Associated Chambers of Commerce and Industry (ASSOCHAM) in a recent report………………………………………..Full Article: Source


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