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Reviving Home Sales – the Builder’s formula

Posted by fairval on November 23, 2008

The builder’s lobby is still living on hope. Here is the suggestion of a large Mumbai based builder – ‘Indian banks need to once agains start giving over 80% loan (from 60% they have come down to). Interest rates should come down to 7-8% for home loan sector’. This, the gent says, should be done immediately to revive demand.

Umm, Mr H.. what about cutting prices? Which are at such unrealistic levels, there will be purchase even if interest rates came down to 6%.


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