Fitch: Negative view for India real estate

Fitch Ratings said in a new report that its 2010 outlook for the Indian real estate sector remains negative, but the sector could exhibit signs of stability by the second half of the year.

Fitch noted that the fundamentals of India's real estate sector are improving, as seen by better liquidity and improved demand in the residential segment.

The agency said it expects growth in 2010 to be driven by government support, especially for the affordable housing segment, improved access to debt and capital markets and the recovery of real estate demand.

There are concerns that the government may roll out moderately adverse policies to keep property prices in check when economic conditions become more stabilized, Fitch said.

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