India's housing bubble

[...] a year ago. The latest growth rate for home loans is the lowest since April.  "Interest rates have a limited role to play in house sales," said VK Sharma, CEO at LIC Housing [...]

[...] in India meanwhile dogged the country's central bank last year and prevented it from cutting interest rates aggressively to boost a flagging economy. India's wholesale price index, the main measure of [...]

[...] in prices in the past one year is putting homes beyond their reach despite banks lowering interest rates by 100-150 basis points in the past four months. A basis point is 0.01 percentage point. Home [...]

[...] Article Link If you are a home buyer waiting for property prices to fall before buying, here’s a counter- [...]

[...] Article Link To be sure, record home prices and higher interest rates have hit demand badly: Mumbai’s [...]

[...] Article Link on BBC website [...]

[...] Article link, Emerging Markets The collapse of the emerging markets, especially China, India, and Brazil, [...]

[...] Article Link A situation of plenty continues to plague the Mumbai real estate market with unsold inventory amounting to 80,000 units which forms 37 per cent of the total residential supply under [...]

[...] 50 to 100 thousand flats which are vacant, but not available for sale. The value of the unsold inventory is a staggering 1 trillion rupees. (This figure is also roughly equal to the entire annual [...]

[...] consultancy firm, in June last year had revealed that Mumbai real estate market had an unsold inventory of 80,000 units worth approximately Rs 1,050 billion. The report had also stated that the [...]