Indian House Prices to Fall 6% This Year, Risk to Downside: Reuters Poll | Investing News

BENGALURU (Reuters) – Indian house prices will fall more sharply this year than expected just three months ago amid surging coronavirus cases which are hurting demand in an economy fighting its deepest recession on record, a Reuters poll showed.

Even before the pandemic struck, house prices had declined nearly 1% during the January-March period from the previous quarter, according to Reserve Bank of India data. That is with consumer inflation averaging 6.67% during that same period.

Most new housing projects are either unsold or delayed due to the coronavirus spreading in the country at the fastest rate in the world – causing massive job losses, pay cuts in almost every sector and migration of labour out of top-tier cities.

That gloomy job market was likely to hurt demand and already-slowing housing market activity, suggesting a recovery would not come any time soon, according to the Sept. 16-28 Reuters poll of

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IRCTC govt stake sale offer for sale OFS Indian Railway shares

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Govt plans to sell 15-20 per cent stake sale in IRCTC via OFS

The government plans to sell about 15-20 per cent stake in the Indian Railway Catering and Tourism Corp (IRCTC) through an offer for sale (OFS), and would like to complete the transaction in a minimum number of tranches. Last month, the Department of Investment and Public Asset Management (DIPAM) had invited bids from merchant bankers by September 10 for managing the sale in Indian Railway Catering and Tourism Corp (IRCTC).

However, it did not disclose the quantum of stake on offer in the Request for Proposal (RFP).

Following this, a pre-bid meeting was held on September 4 with potential bidders.

DIPAM has now posted its response to the queries raised by potential bidders on its website.

To a query on intended stake dilution percentage, DIPAM said, “The indicative percentage is 15 per cent

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Indian River County, FL HUD Homes

09-22-2020

Active


Lexington Sq Sw

Vero Beach, FL 32962

4 br

2 ba

Single-Family

Foreclosure

$265,000

09-20-2020

Active


134th St

Sebastian, FL 32958

3 br

2 ba

Single-Family

Foreclosure

$325,000

08-25-2020

Active


2nd Ct Sw

Vero Beach, FL 32962

2 br

2 ba

625 sqft

Single-Family

Foreclosure

$154,900

08-24-2020

Active


103rd Ave

Vero Beach, FL 32967

3 br

2 ba

1674 sqft

Single-Family

Foreclosure

$194,900

08-22-2020

Active


Fiddlewood Rd

Vero Beach, FL 32963

2 br

2 ba

1020 sqft

Single-Family

Foreclosure

$320,000

08-02-2020

Active


Starflower Ave

Sebastian, FL 32958

3 br

2 ba

1295 sqft

Single-Family

Foreclosure

$195,000

08-01-2020

Active


River Ridge Dr

Vero Beach, FL 32963

4 br

4 ba

2566 sqft

Single-Family

Foreclosure

$664,900

07-28-2020

Active


86th Ave

Vero Beach, FL 32966

2 br

2 ba

1107 sqft

Single-Family

Foreclosure

$143,500

07-14-2020

Active


Caravan Ter

Sebastian, FL 32958

2

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