Tag: Real Estate Slump

Housing trust members threaten to go on hunger strike

December 23, 2008 – 5:26 am

MUMBAI: “We do not want charity. We will construct our own houses”. Repeating this refrain, crusaders of middle income housing are pushing their demand of implementing the government rule (GR) of 1983 that promises allotment of plots for construction of affordable group housing. According to the GR, the state enables housing societies to construct homes […]

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Real estate slump may pull prices by 20%

October 30, 2008 – 7:25 am

With a slump in the Indian real estate sector due to excessive credit crunch and demand slowdown, home buyers can expect a further correction in real estate prices in the range of 15% to 20% in next six months. There are several factors working against the Indian real estate sector that can bring about such […]

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