[COLOR=#000000][FONT=Times New Roman][FONT=Arial]side effect of the recession is the bursting of the real estate bubble in India. Land prices were inflated so that it was almost impossible for an ordinary man with a decent job to buy a house or a piece of land. My friend told me the other day to buy a decent flat in Chennai requires a minimum of 50 hundred thousand Indian rupees. Only the cream of Indian society can afford to spend that much to buy something so huge. With the global recession hit India, the inflated prices have started the journey down and hopefully that will go down so that more people can dream of owning a house.
[COLOR=#000000][FONT=Times New Roman][FONT=Arial]side effect of the recession is the bursting of the real estate bubble in India. Land prices were inflated so that it was almost impossible for an ordinary man with a decent job to buy a house or a piece of land. My friend told me the other day to buy a decent flat in Chennai requires a minimum of 50 hundred thousand Indian rupees. Only the cream of Indian society can afford to spend that much to buy something so huge. With the global recession hit India, the inflated prices have started the journey down and hopefully that will go down so that more people can dream of owning a house.
