Friday, October 31, 2008

Connecting the dots - Shyam P.

From the global economy to the Indian real estate scenario…



The fallout of global financial turmoil is a potential bargain hunting opportunity in Indian real estate. The patient homebuyer may be able to avail cheaper property rate as well as lower interest loan going forward.

Opening Scene, India

Take any newspaper…this Deepavali, there are more ads from real estate companies than from retail shops. “Assured 21.47 per cent Return on Investment” claims one ad. Another claims the builder will pay your full home loan EMI for the first 18 months. Yet another builder promises to buy back your apartment after two years, at an assured higher price — “just make your booking today with 15 per cent down payment”. Are these hard sell campaigns telltale signs of desperation among developers" To read more, please, visit - The Hindu

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