DLF Sees No Danger of Bubble in Indian Home Property Prices
DLF Ltd., Indias biggest developer, sees no danger of a housing bubble, a week after the central bank increased efforts to curb home prices.
People are now secure enough to invest in residential housing as companies have eased up on cutting workers, Rajeev Talwar, executive director at DLF, said in an interview with Bloomberg-UTV. There is no danger of a price bubble, or prices increasing or galloping as they did in 2005, 06, 07.
Prices in India are lagging behind gains in Asia after developers revived stalled construction projects and companies resumed hiring. India’s central bank on Oct. 27 ordered lenders to set aside funds to cover defaults on loans to property companies, joining authorities in Hong Kong, South Korea and Singapore in trying to rein in prices.
More : bloomberg.com