August 8, 2008
Mumbai’s real estate bosses were forced to take some drastic measures to keep up interest in investment property in Mumbai after there was a slump in the beginning of July. The total real estate intake of the city was been left at just thirty percent of what it was. Ofcourse prices have been affected by this slump with them going done anywhere between 10 to 15 per cent in most places. Industry insiders say that this is also the case in Delhi.
August 1, 2008
The Reserve Bank of India’s decision to revise the repo rate and cash reserve ratio is another blow to the Indian real estate industry — which is already burning under a slowdown and price correction.
