The Indian economy experienced an economic slowdown with high inflation in fiscal year 2012. India's property industry suffered a major slowdown with declining sales and rising inventory levels in the first half of 2012. In August 2012, Indian finance minister said in a meeting with the heads of public sector banks that around 500,000 flats were lying vacant in Mumbai despite a robust demand for housing. Affordability is a major concern for middle class Indians and a steady rise in housing prices...
Keep on reading: Rising number of vacant homes haunted by inflation in India?
Keep on reading: Rising number of vacant homes haunted by inflation in India?