Relevant:
- Mumbai's Home Sales Drop to Two-Year Low as Unsold Units Climb to a Record
- U.S. Dec. new home sales down 14.7% to lowest level ever
- Mumbai’s Home Prices May Decline 35% in Next Two Years, Liases Foras Says
- Existing home sales in January see biggest drop in 3 years
- Existing U.S. Home Sales Fell in December as Supplies at Lowest Level Since 1999
2011-08-02 — bloomberg.com
"Sales in Mumbai, India's most expensive property market, fell 11 percent from the previous quarter to 8 million square feet, the lowest since the three months ended December 2008, said Pankaj Kapoor, founder of Liases Foras. The number of unsold homes also rose to a record, he said."
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