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Recent India research
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The housing price rebound is built on sand
India’s real estate developers have rebounded after coming close to bankruptcy during the 2008 global financial crisis: stock prices of property developers have rallied over the past six months and improved liquidity in the financial system has helped companies clean up their balance sheets. With home buyers returning to the market to purchase highly discounted properties, several companies posted double-digit quarter-on-quarter revenue growth in July-September. But developers’...