2011: Tough year for realty, no respite seen in short-run

The realty industry in India faced a negative sentiment in 2011, with developers, buyers and investors caught in a quagmire due to a host of unfavourable conditions, notably a slowdown in the economy, muted flow foreign direct investment, rising inflation, fluid stock market and rising interest rates.

Image: Unfavorable conditions hits Indian real-estate sector hard in 2011

Text: Vinod Behl, IANS

Vinod Behl is editor of Realty Plus, a leading real estate monthly. He can be reached at vbehl2008@gmail.com

Image Courtesy: Reuters