Property: 2009 could be worse

The first half of 2009 is likely to be even tougher than 2008 as demand across segments —commercial, retail and residential continues to remain weak

Prices for residential property are likely to come down in 2009 and while there is demand, buyers are waiting for realistic prices.

Consumers though may refrain from making purchases until fears of job losses and pay cuts recede.

What’s worrying the (Dalal) Street is the high level of borrowings that many property firms have.
To read more, please, visit - Shobhana Subramanian & Varun Sharma, Business-Standard