NEW DELHI: High lending rates triggered by Reserve Bank's tight monetary policy have tranquilized the country's property market, but demand will surge once rates dip, real estate firm DLF Ltd's Chairman K P Singh said on Tuesday.
"...because of mortgage rate and monetary policy, there is no doubt that the market has got subdued at this moment temporarily," he told reporters when asked about an industry report that claimed residential property sale dropped by 70 per cent in May-June this year.
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Tuesday, September 18, 2007
Real estate mkt hit by high interest rates: DLF chief
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