| 06.04.2009 - India: Edelweiss sees 60% decline in realty prices over 5-6 yrs |
| From Livemint.com: Financial services provider Edelweiss expects decline in real estate prices by around 60% over the next five to six years from its peak in the first quarter of 2008. “Property prices in India increased sharply over the past 6-7 years, rising two and a half times over 2001 prices. We expect a price correction of 58% in real terms from the peak,” Edelweiss said in a report on real estate sector.....Full Article: Source |