At present India Economy is very healthy, Property market in India will never go down correction of 10% to 20% is a normal market trend. Property market in US and UK are going down because 50% of house buyers in US & UK are outsiders foreign Investors. Inverters only invest in properties if country Economy is healthy else investor start to find new markets. Indian home buyers are 100% Indian citizen's and NRI's because foreigners can't buy house in India.
RE:Plan to buy a house?
by Ajitesh Bhowmick on Dec 26, 2007 05:50 PM Permalink
At present the senario is people who allready owns a house are still buying a appt just for the sake of doubling the amount he/she invest on it and these can be seen very easily on the new projects where the appartment are purchased and they are kept vacant for again reselling at higher price. So flat are purchased only by NRI's and business man who want to reap profits by fooling the middle income group.
