You are here

India's once red-hot property market now struggling

Fallouts from shakeup in US$126b real estate market reverberating across companies, markets and broader economy

BT_20180201_UWINDIA1_3289699.jpg
Homes under construction at an Amrapali Group development in Noida, Uttar Pradesh. Several real estate developers have been dragged to court by irate homeowners who shelled out payments for apartments that have yet to be completed.

New DelhiĀ 

AMIT Khulve, a 34-year-old resident of the north Indian city of Noida, is still paying off the mortgage on an apartment he's never lived in. The sales executive says he borrowed about 500,000 rupees (S$10,280) in 2012 and pulled another one million rupees from his savings to

sentifi.com

Market voices on:

Powered by GET.comGetCom