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Real Estate Scenario in India

August 4, 2012

The ups and downs of our  volatile eceonomy has its impact on real estate too. Spending power is directly proportionate to investment capacity. The current governments, policies and support of corrupt practices has laid our economy open to financial disaster.

Though the news artciles talk about hundreds of thousands of unsold properties across the country, there are some pockets where prices are still holding at ridiculous levels – in spite of lesser property deals happening in the recent past. This reflects the stalemate between the investment sentiments and holding capacities of people. There is no sense in the market. Speculation has become too risky.

Wait and watch is the apt approach.

  1. VAT a headache ! The ambiguity on whether it is 5% or 3 % and whether the amount has to be paid by the buyer retroactively from 2006-2010 is creating sleepless nights for buyers !

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