Real Estate In Recession
Real Estate in this period of recession has taken a severe beating. Projects have been stopped mid-way, as the units have not been sold. There is a re-thinking done by the think tank of the builders so as to make the houses more affordable and give optimum facilities at the same time. The demand of the market has changed from premium housing to affordable housing. Now established builders are constructing for single room dwelling units as affordable as Rs.ten lakhs. For those who have surplus money at such mean and lean times, it’s a golden opportunity for investment.