photo credit: gruntzooki
Owners of Indian investment property have been given tips on what they could do to continue prospering during the current slump.
Values of residential units in India are sliding in many areas and interest rates on mortgages are on an upward trend.
Outlook Money has given property investors a potential boost by suggesting what action could be taken, whether they already own a property or have bought it off plan.
The magazine says real estate goes through “boom and slump” periods and advised those who have found work has stopped on their new homes to form a group with other investors.
Those who own a property could either rent or sell it, Outlook Money adds, with those owning a ‘raw’ flat advised to get some work done on it before selling.
On Tuesday Indian prime minister Prime Minister Manmohan Singh met with French president Nicolas Sarkozy and EU officials to discuss economic issues.
Mr Singh told the French Le Figaro newspaper that the current rate of global financial instability could affect his country’s ability to fund development.
He said India and China would “take part” in the solution to the current economic turbulence, but most of the responsibility lies with more developed countries.
Related posts:
