2006-08-24 04:31:20 · 8 answers · asked by Priyanka 1 in Business & Finance ➔ Renting & Real Estate
I do not think so. Economy has grown stronger. You see more financial muscle in various corners of the community. Because of increase in interest rates, there is slight reduction in construction of buildings. More and more companies are evincing interest in taking a pie out of the huge market that India has. The only worry is the infrastructure. Governments are struggling to cope up with the pressure. Let's keep our fingers crossed.
Well this is the first time I am into this Q & A. I am still not aware of how exactly this works. I would greatly appreciate help.
2006-08-24 08:35:31 · answer #1 · answered by prakash 1 · 0⤊ 0⤋
the cost of construction has increased so much the normal investor is moving out to bank deposits and even gold. The people are hesitant in investing for the reason - the present cost being very high. The technical correction would bound to happen. The estimated drop would be in the region of 15 to 25%
2006-08-24 04:38:03 · answer #2 · answered by andy_tl 2 · 0⤊ 0⤋
Though i live in the UK, i;ve made some investments in india for land.. and i dont think what u think wud happen... well the land prices wud go a lil more high and become stable just like the UK real estate market...
2006-08-24 04:33:43 · answer #3 · answered by UK GUY 2 · 0⤊ 0⤋
Yes not now only after 18 months period of time the statuary point will come
2006-08-24 04:39:18 · answer #4 · answered by king 4 · 0⤊ 0⤋
Yeah, because the price of mud and clay is about to skyrocket!!!
2006-08-24 04:33:46 · answer #5 · answered by jb 4 · 0⤊ 0⤋
yes.it is reaching its peak in about a year
then get stable-
but there may be more sellers than buyiers
2006-08-25 19:47:19 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I don't know.
2006-08-24 04:36:20 · answer #7 · answered by Anonymous · 0⤊ 0⤋
no it is not true
2006-08-24 13:59:36 · answer #8 · answered by Anonymous · 0⤊ 0⤋