Asia Housing Boom Stalls as Tightening Puts Brakes on Prices

Asia Housing Boom Stalls as Tightening Puts Brakes on Prices

Pal Pillai/Bloomberg

An attendant opens the door at one of the apartments at the Imperial residential towers in the Tardeo area of Mumbai. In India, where the central bank has raised rates 10 times since March last year, Mumbai home prices have declined 20 percent from their 2010 peak.