12.08.2011 - High loan rates dent housing property markets in north India
Rising lending rates has cast its shadow on the otherwise booming real estate market of Punjab, Haryana and Chandigarh, with prices of residential property falling by up to 15% in the last couple of months. With potential home buyers postponing their decision of entering the real estate market in the wake of high lending costs, it is the private financers who are suffering a lot as their large investments are getting blocked in the absence of buyers..............................................Full Article: Source
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