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Real estate firms plunge amid bribery probe
Home sales take a big hit across India, set to worsen
Developers blame credit rates, bankers say prices too high. Anil Singhal, a property consultant based in Delhi's Connaught Place, says he has enough free time these days. Reason: business has dropped 60 per cent from eight to 10 home sales deals a month at the beginning of this year to just three to four. "Though prices have been stagnant in most areas, not many people want to buy now, as they are