Boom of real estate in India

Oct 29, 2013 by

Buying a house is a dream for many people in India. A lot of people have started moving into nuclear households. Within the last few years, the income of middle class people has started to grow. Apart from the income element, low interest rates on bank housing loans are playing an important role in developing the real estate industry. Today, real estate investment prices are not affordable for the common man. NRIs, dealers, reputed doctors, legal representatives, politicians, etc. are spending crores of money to buy their dream house. Another important reason for the real estate boom is trading. Housing loan is given by the banks and numerous financing companies for buying of residence, building and apartment, against some securities. These securities are insurance policies, guarantee in one person to the other and long...

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