India’s residential Real Estate market is poised for rebound, but the commercial and retail sector will remain deflated in 2010, according to a research group.
CRISIL projects that residential Real Estate prices have declined 20 percent from their peak in 2008 and will fall another 10 percent before bottoming out in India’s 10 largest metros. It expects commercial and retail prices to fall 38 percent from their 2008 peak.
Property prices more than doubled during India’s Real Estate boom between 2005 to 2008
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