In 2011 the Indian real estate  sector  had to grapple with a loss of reputation with its alleged link to the 2G scam, but also dwindling sales and funding constraints.

Huge Drop in Sales
A huge drop in sales due to mounting interest rates which hurt both, cash flows and customer demand, and launches came to a grinding halt. Mumbai real estate was the worst affected. Other markets like Bangalore real estate and NCR continued to see sporadic sales. But even here, the trend was definitely downward.

Priyanka Ghosh of CNBC-TV18 wraps up 2011.

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Tags: Bangalore property prices, Indian Real Estate, Mumbai real estate, NCR, NCR property, property prices, Property prices in India

This entry was posted on Sunday, January 1st, 2012 and is filed under Property in India, Videos. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.