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Investments from abroad into Indian Realty reduces

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HDFC Chief in a verbal communication with the www.propertykhazana.com says that, India is gradually loosing the investment from overseas sources and Mr. Deepak Parekh also added that in the past couple of years India is been adorned with over USD 25 billion, which was majorly used in purchasing the properties with huge price tags.
The ongoing cash crisis and realty recession has impacted the realty sector unswervingly and adding his opinion Mr. Parekh revealed that most of the global investors have slowed down as far as the investments into realty segment is concerned. Mr. Parekh further adds that, the realty investors are required to be highly perceptive and be familiar with the happenings in the sector. In the meantime, HDFC Chief also condemned the move of RBI and Banks for certain amendments and offers being promoted on home loans and pointed out the teaser type home loans, such that availing the loan at specified rate of intrest will vary for the second consecutive year, where the customer feels the heat.
Mr. Deepak Parekh compared the present lending criterion with the ongoing American housing crisis, where initially the loans are approved with reasonable rate of intrest and later the customers are screwed with high rate of intrest. Get regular and important realty updates on www.propertykhazana.com.
Source: NBTVLIVE

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