| Developers blame credit rates, bankers say prices too high. Anil Singhal, a property consultant based in Delhi’s Connaught Place, says he has enough free time these days. Reason: business has dropped 60 per cent from eight to 10 home sales deals a month at the beginning of this year to just three to four.
“Though prices have been stagnant in most areas, not many people want to buy now, as they are buying on EMIs (equated monthly instalments) and home loan rates have gone up sharply. More important, the fear factor has come back and the situation is getting worse each passing day,” he says..............................................Full Article: Source
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