Diwali 2011 proved major realty slump
Diwali 2011 was not at all productive for Indian real estate especially in Mumbai.
It has been witnessed that throughout the year, the real estate sales continue a lucrative one!
Previous year Indian real estate during the Diwali season recorded 5,791 sale deeds and in recent times it has been recorded as 4,633 sale deeds proving a major slump.
Diwali is a high time wherein the buyers invest on property as they believe its an auspicious time to make big purchases.
However, the scenario today has been completely reversed back with the increase in interest rates and property prices.
Source: Hindustan Times
Auspicious time, Buyers, Diwali 2011, Indian real estate, Interest rates, Invest on property, Mumbai, Property Prices, Real Estate Sales, Realty News, Sale deeds
