TITLE

Distress Sales on the Anvil

AUTHOR(S)
BEHL, TEJEESH N. S.
PUB. DATE
March 2009
SOURCE
Business Today;3/22/2009, Vol. 18 Issue 6, p32
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents information on the declining sales of real property in India, due to which real estate developers have started lowering their prices in 2009. According to DTZ International Property Advisor's Demand Analysis and Real Estate Trends (DART) Survey 2009 on the trends in the commercial office space rental market, rental prices have declined by 20-25%. According to Makaan.com's survey on the residential segment, housing prices need to come down by 40-50% from their peak value.
ACCESSION #
37791469

 

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