Party time for consumers as southern India cools.

Posted by srinivas
May 5, 2008

ALI VAKIL- Director - Vakil Housing Development Corp.

Financial Express | 04/05/2008

After growing at a fast and furious pace over the past few years, the Real estate sector in southern India is cooling down. This has been caused mainly by a slowdown of the IT sector that impacts theregioninmoreways than one. Besides, rising home laon interest rates, climbing input rates and general consumer reaction to the escalating cost of properties have begun to takea toll on realty in this part of the country. In some areas like Whitefield in Bangalore and OMR in Chennai,

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Comments
Comment by Jennifer Lancey on May 5, 2008 @ 9:49 pm

Hello there. I was sent a link to your blog by a friend a while ago. I have been reading a long for a while now. Just wanted to say HI. Thanks for putting in all the hard work.

Jennifer Lancey

Comment by Real Estate Cochin on May 12, 2008 @ 4:12 am

Property is diretcly affected by foreign investments.A majority of the property developed in the south over the previous years have had major investments from abroad through NRIs and Investment companies.This has reduced and so have the trends in property development.

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