 |
 |
-
Real Estate India
-
Explore Inside Pages
-
News by Month
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
Real Estate India can Suffer Because of Attacks
| December 1, 2008 |  (Be the first to rate this story!) Loading ... |
Following the recent terrorist attacks in Mumbai, India, real estate in India is expected to be significantly affected, analyst´s say. “The attacks will have a ripple effect on the volumes across the Mumbai city and the country,” Pranay Vakil, chairman, Knight Frank India said. Prior to the recent terror attacks, India was beginning to feel the effects of the global credit crisis with investor interest slowing.
The terror attacks in Mumbai, combined with the credit crisis, hits at a time of slowing economic growth in India, following an extended period of rapid growth nationwide. The attacks are “going to add fuel to fire and will keep the sentiments subdued for a longer time,” said Anshuman Magazine, chairman, CB Richard Ellis. “In the short term, there will definitely be a decline in business visits to the financial capital,” said Anuj Puri, chairman and country head, Jone Lang LaSalle Meghraj.
News Published Under: Mumbai |
|
Add to Favourite:
:
|
Related News:
