CNN-IBN is conducting a poll on the state of the real estate market in India. Click here to cast your vote. The battle is between the hesitant buyer against to the defiant seller. Its a poker situation where each one is waiting for the other guy to blink. The banks are mute spectators to the shenanigans of the RBI governor and Chidambaram. They would rather lend at current rates and hope that builders drop prices, rather then lower rates and pass on the profit to the builders.
Monday, 3 November 2008
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