Gone are the days when people of rural/urban areas used to live in old, shabby and congested areas. Now people have more source of income and increased capacity of savings clubbed with availability of home loans and this very fact has drived more and more people to buy property in India. This mode of people to buy property in India serves their dual purpose i.e. firstly it provides better standard of living and secondly provides an opportunity to enter into new business activities / new horizons.
It will not be out of place to mention here that the real estate in India reached such a boom that it not only attracted the NRIs/foreigners of Indian origin and foreigners that all made a bee line to buy property in India and it gave a turning point to the property boom by bursting the bubble that it took a downward trend during the recent past due to increase in home loan interest rates and certain other riders imposed by the government.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment