Thursday, December 11, 2008

Real estate developers brace themselves for the worst

The last time when there was a crash in property prices (in 1996),
it took four years for real estate prices to bottom out.
This time, while property prices have fallen 25% rather sharply,
the bottoming out is expected to take at least another year.
So, evidently, the real estate sector could experience either a sharp downturn,
or a slow prolonged one.
To read more, please, visit - RN Bhaskar - livemint.com

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