Property Slows In India

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Sales of plush apartments have slowed and Indian Property investors are now targeting lower to mid-end house owners in the booming economy now that

Number of families earning more than Rs 2 lakh a year is set to double to around 20 million in the next two years, demand for small and simple apartments is set to mushroom.

The property market has boomed since India eased rules on inward investment in the construction industry in early 2005, partly fuelled by pledges by foreign investors that they will pump up to $2 billion into the country. But government figures shows only about $2 billion has actually been spent in the last three years.

Real estate prices have cooled in the last six months. Read more

Popularity: 27% [?]

Tags: construction, design of apartment, DLF, financial service, housing trendy, india property, potential demand, real estate, sale