Memorable indeed was previous year for Indian realty sector!
Turbulent stock market, spiraling interest rates and fluctuations in property price all together real estate market ended up year 2011 in a worse phase!
The only relief was from major cities in India which did witness healthy realty transactions.
However, the property prices in Mumbai city was arguably the country’s hottest real estate market.
During the year 2011, between March and December the housing financing companies and banks said to have lent around Rs 5,000 crore to various developers and builders.
Investors and developers who had invested a huge sum in realty projects and stocks are still bearing the burnt of high-yield debt.
Source: The Economic Times
Tags: 2011, Builders, Country's hottest real estate market, Developers, Fluctuations in property price, Healthy realty transactions, High-yield debt, Indian realty sector, Investors and developers, March and December, Mumbai, property price, Property prices in Mumbai, Realty projects, Realty stocks, Spiraling interest rates, Turbulent stock market
