10.01.2012 - India's housing market stalls amid high interest rates (Video) |
Last year wasn't the best for property developers in India, particularly for those in major cities like Mumbai and Delhi. High interest rates and inflation led to a drop in demand with many potential buyers opting to sit tight and wait for a better time to buy. But with the Reserve Bank of India now pausing on any further rate hikes, will momentum return to the once red-hot sector? The BBC's Supriya Menon's been finding out...........................................Full Article: Source |