07.11.2011 - Indian property market: Going, going, gone.
As states across the country seek to align their benchmark rates ó the minimum rate below which a property canít be bought or sold ó with the market rate, citing their intent to curb black money, property prices are touching the sky. In the process, middle income groups are pushed to areas which bridge the periphery and the main city. And the periphery is moving further away for those looking to buy a home. This underscores the urban-rural divide, and creates class divisions within urban agglomerates...............................................Full Article: Source
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