24.10.2008 - India’s real estate market gets rate cut boost
From Offplanpropertyexchange.com: Property investment professionals with Indian interests could be breathing a collective sigh of relief after the government took steps to stabilise the financial system. Mirroring recent measures passed by some western countries, India’s central bank has cut the repo rate by 100 basis points to 8.0 per cent. The bank said it decided on the cut as India is currently experiencing the “indirect impact” of the world liquidity squeeze..... Full Article: Source
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