24.09.2010 - India: High property prices, mortgage rates turn away buyers
From Indiatimes.com: High prices and rising mortgage rates are hurting demand in India's once-booming housing market, jeopardising a pipeline of about $6 bn in initial public offerings (IPOs) from Indian property companies. The real estate firms are seeking funds to finance land acquisitions and lock in runaway land prices but their IPOs are faced with the prospect of poor investor response..............................................Full Article: Source
Print