Don’t miss the latest developments in business and finance.

Bringing the house (prices) down

Image
Business Standard New Delhi
Last Updated : Oct 14 2014 | 9:59 PM IST
Capital market regulator Securities and Exchange Board of India's ban on India's leading estate company DLF will indirectly help cool property prices. At least that's what many are hoping. Since the company will not be allowed to access the stock market for three years, the logic goes, it will be forced to sell houses at a lower rate to raise money. "Market ban in DLF should keep housing prices in NCR [the National Capital Region] under check as they sell cheap to generate cash," tweeted one fund manager hopefully.

More From This Section

First Published: Oct 14 2014 | 9:05 PM IST

Next Story