28.04.2011 - India: Realty stocks will rebound in two years: Macquarie
India's real estate stocks have attractive valuations after plunging 83% from their peak and are likely to rebound within two years, according to Macquarie Group. India's real estate industry is grappling with rising borrowing costs, shrinking access to credit and a decline in demand as record prices make homes unaffordable. The Bombay Stock Exchange's 14-stock Realty Index has dropped from its peak in January 2008, while the benchmark Sensitive Index surged to a record last November.............................................Full Article: Source
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