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India real estate: Can FDI save the day?

Posted on 08 May 2013

Investment in India’s real estate sector is falling fast – yet another bit of bad news for the economy. In the fiscal year just ended, new investment into real estate was down 55 per cent from Rs926bn to Rs420bn (from $18bn to $8bn) according to the Associated Chambers of Commerce and Industry of India (Assocham).
The sector is suffering as sales fall, the cost of construction rises and banks refuse to pass on reductions in the base rate after the recent round of interest rate cuts………………………………………..Full Article: Source


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