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Real Estate Briefing - Categorized | Emerging Trends, Investment more

India: Investors avoid buying luxury homes as returns fade

Posted on 02 October 2012

Prices of luxury apartments across the country - in cities such as Delhi, Mumbai and Bangalore - are not rising as fast as they used to two years ago, forcing wealthy investors that made a bulk of the buyers to retreat, turning it into a buyer’s market for the first time in two years.
As the market started to recover after the Lehman crisis in 2008 and the subsequent downturn, real estate developers saw an opportunity in launching high-end luxury apartments, which is a lucrative low volume, high value business, and prices of these apartments shot through the roof over the next two years………………………………………..Full Article: Source


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


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