Anuj Puri, chairman and country head, Jones Lang LaSalle Meghraj, tells Business Standard that high prices and hardening of mortgage rates may act as a dampener.
The central bank may increase both repo and reverse repo rates by another 25 basis points each in the next policy meeting.
The Sensex recorded its second-worst fall since January this year and the biggest single-day percentage fall of 11 per cent in the last 16 years. It has been an October that can be best forgotten. In the last three weeks, the Sensex has shed a third of its value.
