Real Estate Outlook Negative In 2010, Says Fitch

Real Estate Outlook Negative In 2010, Says Fitch
Fitch Ratings’ outlook for the Indian realty sector in 2010 is negative with a slight stable bias. Fitch anticipates growth in 2010 to be driven by government aid (especially for the affordable segment). However, if developers continue to increase prices, the government may also find it politically difficult to provide a supportive environment.