Mumbai Realtors Likely to Cut Prices

Published: December 29, 2010

Mumbai developers may cut record- high home prices to revive flagging sales after banks curbed credit to the sector, according to IIFL.
Registrations for home sales, leases and property transfers fell 15% this quarter from the three months ended September 30, the brokerage said in a note yesterday. “Selective price cuts” are expected in the quarter [...]

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