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Real Estate Briefing - Categorized | Investment, Market Moves more

India: Investors take fresh positions in real estate sector; stocks rally 30-50pct

Posted on 31 January 2013

Investors are taking fresh positions in the real estate sector even as a few luxury housing projects were sold off within days of their launch. Stocks of real estate companies have rallied 30% to 50% over the past three months in anticipation that declining interest rates will help revive buying, thereby helping companies ease their inventories.
Market sentiment has turned bullish after the housing loan growth for fiscal 2013 so far showed a 13% growth, which exceeded the overall credit growth of 7% for the first time in six years, according to data available with Reserve Bank of India and Goldman Sachs Research………………………………………..Full Article: Source


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