| Price appreciation in the housing segment has slowed significantly during 2012 in the top seven cities of the country with average capital value rising by only 1-3 percent, a recent survey has shown. Yet many brokerages are still bullish on India’s residential market.
Dun & Bradstreet estimates the contribution of housing construction to GDP to grow at a CAGR of 6.9% over financial year 2012-2015 to reach Rs 318,660 crore despite India’s top realty firms facing inventories pressure and huge debts which are creating a liquidity pressure on their balance sheets...............................................Full Article: Source
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