Tag Archives: buyer

Buyers realize homes still not their cup of tea

October 7, 2009 – 11:17 am

Property prices across the country are 10-25% lower than their peak in early 2008. Bank rates are about 4 percentage points lower. Still, the vast majority of the exploding middle class, which aspires to own a home, is not taking the plunge. Homes are still not affordable. Affordable homes are hardly homes.
The rates may have [...]

By rajani | Posted in Property News | Also tagged , | Comments (0)

Double whammy for high-end luxury realty market

April 25, 2008 – 5:13 am

The high-end luxury real estate market is facing a double whammy. The demand from domestic buyers has already dried down and now even non-resident Indians (NRIs), who constituted a significant market for luxury real estate developers, are developing cold feet.
With the US property market witnessing a correction due to subprime crisis, the NRIs are expecting [...]

By rajani | Posted in Property News | Also tagged , , , , , , , , , , , , , , , , , | Comments (4)