06.10.2011 - India: Realty in for a dull festive season this year
Dasara festival this year, much like in the past, is set to be flooded with `gruha pravesham' (house-warming ceremony) across the twin cities. The auspicious day, market watchers say, is likely to see at least a dozen families (on an average) move in to each of the newly constructed projects in Hyderabad. But while this rush of home buyers might seem to indicate a steady growth in the ailing real estate sector, city builders say that it's clearly not the case. The many house-warming parties notwithstanding, they confess that the festive season so far has been dry and lacklustre..............................................Full Article: Source
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