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Sep 20, 2014
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Housing prices drop as investors prefer equity over realty
The rapid rise in the stock market since the new government was formed has taken the sheen off real estate, where investments have not only dropped but investors are trying to monetise their existing assets, creating a scare of price correction. While the stock market has risen by over 12% since May 26 when the government was sworn in, property values have either remained stagnant or dropped in several micro-markets across the country.
Source -
http://economictimes.indiatimes.com
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