Realty sales floored down in Mumbai
No Comments Sub Category:Realty News,Uncategorized Posted On: Dec 22, 2011
Mumbai developers and builders blame Reserve Bank of India (RBI) for the poor realty sales for the year 2011. Every month there is 12 percent reduction in realty sales, which is a huge loss indeed!
However, the realty analysts say that RBI is doing its job and has been neutral by pausing and easing interest rates.
It is a greatest challenge for the developers and builders to cut down the property prices and push the sales midst fluctuating realty market.
Source: Business Standard
Tags:
Builders, Developers, Easing interest rates, Fluctuating realty market, Mumbai developers, Pausing interest rates, Poor realty sales, Property Prices, RBI, Realty analysts, Reserve Bank of India (RBI)
