Thursday, August 21, 2014

Cost of houses pretty high, scope for reduction: RBI's Mundra

............."I believe there is enough scope for home prices to come down from the higher perch because of huge inventory pile-up in several markets," he said addressing a gathering of realty players in the financial capital. "In a country where over 60% of the population lives with less than $2 a day, the cost of houses are still pretty high," he said, pointing to an RBI report which said there was a huge shortage of dwelling units.  Mundra said that housing shortage is very severe among the weaker sections. Findings of an internal RBI panel report indicated that ..........

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