No end seen to liquidity woes for India’s real estate developers
Most developers rely on banks for funds, and are bearing the brunt of RBI’s directive to curb lending to the sector
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Nothing but sheer greed on part of the realtor crowd. They bit more than they could chew and hoped for a bottomless pit of a price hike. The downhill symptoms were ignored when they surfaced as early as during the last queerter of 2006.
Surya