Realty Round up - Real Estate Rides on Recovery Wave
After having remained in a dormant condition in the recent past largely due to high debt, curtailed demand and severe financial crunch, Indian real estate sector has bounced back opening brisk business opportunities across metros, satellite towns and tier-II and tier-III cities. Increasing business avenues, rising incomes, increased pace of hiring and easy access to home loans are said to be the key demand drivers guiding it to its current growth trajectory. Currently, builders are showering freebies and financial institutions offering attractive mortgage schemes sprucing up sales and cash flow. To top it all, scores of successful fund raising attempts and recent realty IPOs drawing overwhelming response from investors made it crystal clear that Indian realty sector heads for rosy days ahead. Reports Jeet Singh.
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NBM&CW December 2010
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