MUMBAI: Most property markets are expected to see turnaround and start pricing in a volume recovery in second half of 2016 at the earliest, said Bank of America Merrill Lynch in a report. It expects the stock markets to start pricing in a volume recovery similar to 2009, supported by further interest rate cuts by the Reserve Bank of India in future.
Since January, the central bank has reduced interest rate by 125 basis points including 50 basis point reduction in September.
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