15.06.2011 - Market correction looms in India property sector
Property prices in India are hitting resistance levels, after doubling in the past five years.Potential home buyers are staying on the sidelines, waiting for a market correction before they make their purchase. And this is causing a sharp decline in sales, sending developers worried that their margins would be further squeezed. The country's largest realtor, DLF, reported a 20 per cent drop in fourth quarter sales, while the second largest developer, Unitech, saw an even bigger 45 per cent decline in the same period..............................................Full Article: Source
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