19.01.2012 - Indian real estate sector outlook for 2012: Fitch Ratings
Negative Outlook: Fitch Ratings' outlook for 2012 for the Indian real estate sector is negative due to weak overall demand and higher construction costs, which are likely to continue to squeeze margins. Sluggish Demand to Continue: High Equated Monthly Instalments (EMIs), resulting from significantly higher interest rates, lower household surplus due to high inflation and high residential unit prices have reduced the affordability of homes. Purchases slowed significantly during H1 FY12 and are likely to continue at these new levels during the first half of 2012...............................................Full Article: Source
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