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Of falling property prices and when to buy a house

October 22, 2008

Builders in trouble

Banks and financial institutions who have been a major driving force in India's real estate boom now want their money back.

Having lent huge funds to builders and other real estate firms, these lenders now want the builders to make their interest payments against the loans.

Image: An Indian labourer works at the site of newly-constructed residential apartments on the ouskirts of Hyderabad. | Photograph: Noah Seelam/AFP/Getty Images

Also read: Financial tsunami swamps the world

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