The Indian real estate sector faces significant valuation declines, with firms trading at steep discounts to their net asset values amid global economic turmoil.
The disparity between homeowners and tenants in Mumbai is stark, with rising rental prices reflecting the booming real estate market, according to industry experts.
RBI's decision to hold interest rates steady has disappointed the real estate sector, which is grappling with a housing slowdown. Industry experts express concern over high mortgage costs and anticipate varied impacts across markets.