Outlook for realty sector in second half of 2012 negative: Fitch
A report by Fitch Ratings, criticising the realty sector of the country, mentions that outlook for the second half of 2012 remains negative due to weak demand, liquidity pressure and high construction costs. Sreenivasa Prasanna, senior director of the credit ratings agency, explains that high property prices and elevated inflation continue to keep demand sluggish while banks remain cautious about lending money.
