The residential market in Mumbai witnessed subdued growth in the first half of 2012 in the back drop of high interest rates. While there was a decline in supply addition compared to the second half of 2011, the stock of unsold inventory increased during the review period. These are the findings of CBRE’s latest report titled “Market View India Residential.”

Banking institutions have cut down on their lending to the real estate sector, according to a report put out on Wednesday by real estate consulting firm Knight Frank India.

By: Sameer Gholve, Manager – Capital Markets, Jones Lang LaSalle…