A parallel in our system is the foreign exchange reference rate that the Reserve Bank puts out every day. Can we have problem similar to LIBOR here in India? The counterpart of LIBOR in India is the less used MIBOR which is set by FIMMDA-NSE.
Investor participation tends to rise towards the peak of the property cycle and investors are more likely to sell properties when prices start to fall. Thus, property cycles are accentuated when there is a large investor presence in the market.