Thursday, February 14, 2008

It’s time to hit a ‘home’ run...

Homecoming might not be more sweeter than in this festival season
Soaring interest rates and simultaneous increase in loan rates might just have pushed your dream house out of your reach. But come festival season and the sector has enough reasons to celebrate. People who have deferred their decision till now, are looking forward to the auspicious days ahead to buy their dream home. So with festive season round the corner, oodles of activities are anticipated in the sector. Booming economy and increasing spending power of the middle class is further expected to fuel the real estate inferno. Abir Joshi, a young prospective house buyer told B&E, “Since my great grandfather’s time, our family has purchased properties around the festival season only because it is considered to be auspicious. This time also, I’m looking to buy a property.” Interacting with other prospective buyers belonging to different demographics and psychographics revealed that Abir is not the only one who thinks like that.

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Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative