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What about India

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  • loganx
    replied
    ​A normal purchaser, who may lose his employment as a result of the lockdown, will quit paying his advance portions and that will trigger a chain response,'' he said.

    Deals were at that point easing back lately. Anarock Research said out of 644,000 unsold lofts in India's main seven urban communities, 78,000 of them worth 660 billion rupees ($9 billion) are empty.

    Of the practically 1.6 million condos now under development, 40% are for those with humble financial plans. The pandemic could decrease lodging deals by up to 35% and office rentals by 30%, it anticipates.

    A private lodging building site in India. Photograph: Facebook

    "The lockdown will convert into an awful arrangement of slowed down development, delays in venture conveyances, delays in credit reimbursements and obligation overhauling to banks, and a general droop popular because of vulnerabilities in work and pay cuts. Every one of these variables has defaced the future assumption score of partners," said an ongoing overview by Knight Frank, property experts.

    Another review by property site Magicbricks demonstrated that one in each three home purchasers need to drop or put on pause their purchasing plans. An expected 73% of purchasers are probably going to decrease their spending plan and postpone their buys by as long as nine months, Magicbricks anticipated.

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  • theviewabudhabi
    replied
    Re: What about India

    All the five fingers are not the same, problems are everywhere, you will find good or bad agents in every part of the world, all you just need to know how and where to approach the best agents to give you right information and lead you to what you want to acquire.

    Leave a comment:


  • Premier Expat Mortgages
    replied
    Re: What about India

    Its always best to invest in areas and markets that you have experience in thats what people have told me in the past.

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  • jimmymccoy
    replied
    Re: What about India

    You should make deep research before you plan to move there

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  • DeborahMinor
    replied
    Re: What about India

    You should beware with Native customs there (it can be dangerous)!

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  • Premier Expat Mortgages
    replied
    Re: What about India

    Ive also heard of people taking deposits and never to be seen again
    out in India where they run off and you never see them again

    Ged

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  • Sean.
    replied
    Re: What about India

    Be very very careful re the Indian legal system. I've heard several night mares concerning property ownership and deceit.

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  • RichardPowel
    started a topic What about India

    What about India

    What are your views on the Indian property market. The stock market seems to be really strong at the moment and with al the new FDI coming into the retail sector do you think it might be the next favourite hotspots ?
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