Forecast of Indian realty market by Fitch
Indian real estate market has been forecasted to be dull in 2012 also.
The negative mindset was seen in Fitch Ratings who think that due to less demand and hike in property prices, real estate sector in the country is again to see a downfall.
The firm has also quoted that high construction costs and interest rates have also played a role in property buyers buying capability.
Due to less investment in real estate market, developer groups are going cash dry with high levels of debt.
Companies are also raising funds but with limited approach from banks, private equity funds and financial institutions.
Source: The Economic Times
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