Economy

‘Realty prices may stabilise by year-end’

PTI Bangalore | Updated on February 15, 2011 Published on February 15, 2011

Real estate prices, currently seeing volatility, are expected to settle down and stabilise by the end of the current calendar year, an expert in the infrastructure sector has said.

Asked if L&T Infrastructure Finance Company Ltd would finance metro rail projects in the country, the company CEO, Mr Suneet K. Maheshwari, said the real estate component is high in them in terms of station development, among others.

He said the company is now concerned about the volatility in the real estate market, adding that it expects these prices, as also interest rate scenario, to settle down and stabilise by the end of 2011. It would then look at the possibility of financing metro rail projects.

Company sources expressed disappointment over no action on deal flows in the telecom sector in the past few months following scandals hitting the sector, and they are keen to see a quick resolution to the issues.

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Published on February 15, 2011
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