The latest liquidity tightening move from Reserve Bank of India (RBI) to increase repo and reverse repo rates by 50 basis points (bps) each, has shocked the developers and home buyers as the property prices are expected to be correct around 20%. The RBI has boosted its benchmark short-term lending rates by 50 bps each on Tuesday. This hike was reported as the 11th successive hike by the bank, resulting in an increase of 325 bps since October 2009. With this hike, the realty developers may now be forced to cut down property prices by 20%... Read More>>>
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