Now over supply of residential projects see another 10 percent fall in price
In a report by CRISIL, the actual demand for residential property is 506 million sq ft but there is an estimate of 1,202 million sq ft to be built by 2009-11 and this over supply may lead to another 10% fall in home prices. Crisil report claims that due to global recession, fears of job loss and slowing growth in the... For more details: http://propertydirect.in