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India: Are real estate price real?

Posted on 02 December 2010

From Centralchronicle.com: In India, buyers are investing even borrowed funds in real estate, expecting good demand in the near future this has pushed the prices towards northwards. Banks are also providing loans to the intending purchasers by relaxing the prudential investment norms; Buildings constructed at far off places are also attracting purchasers, as cities are expanding both vertically and horizontally.
The purchasers are investing money and purchasing flats/houses only to make money, as more and more people are thinking housing as a source investment and not as shelter to protect them from the vagaries of monsoon……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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