17.10.2011 - India: No relief in sight for realty companies

The plight of realty firms is going from bad to worse with each passing quarter. That’s reflected by the BSE Realty index, which has plunged 53% in the past one year, more than the Sensex, which fell around 17%. About a dozen rate hikes by the Reserve Bank of India (RBI) since March 2010 has hit the realty firms more than any other industry. Costly retail loans have resulted in a slowdown in sales of residential property..............................................Full Article: Source

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