05.12.2012 - Why bullishness on Indian real estate is misplaced
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
Print