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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