China Economic Net News Beijing Jan. 24 (intern reporter Yang Xiao), according to India's The main interest rate, then the vicinity of New Delhi and Mumbai, prices will drop about 20% there.
Needless to say, to curb the current inflation, the banks will raise lending rates. While some level of interest rates will be related to the future development of the real estate market trends. Current Gurgaon (near New Delhi) in the high-rise apartment prices per square meter 8000-10000 rupees (about RMB 1150-1440 yuan), while the Mumbai city apartment prices per square meter is as high as 2.5-3 million rupees (about United RMB 3600-4330 yuan). Policy interest rates rose slightly, both New Delhi and Mumbai, the high prices can be fired within half a year attributable to normal levels.
present, the Indian food inflation rate has been hovering at about 15%. Therefore, the industry widely predicted, the Reserve Bank of India may be the main policy rate by 50 basis points. Then, if you want to ensure profitability of real estate developers, they had to resort to selling price means more housing, which is in the lower income families it might be good news.
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