Achhe Din For Real Estate: Upbeat Investment Climate, Rate Cuts To Boost Property Market By March 2016

Global rating agency Fitch said the likely upturn in the country's investment climate and reduction in interest rates will improve the property market by the end of March 2016 and provide relief to the debt-ridden developers.

"The property development sector (will) be a key beneficiary of reductions in housing loan interest rates by several domestic banks in April 2015," the agency said, adding that they would also boost credit growth.