Monday, June 25, 2007

Real Estate Speculation in India





http://www.realtyspeculation.com/ has got off to a good start with 615 hits so far. It has 16 web pages and caters to the need of real estate investors and speculators. I have given the name speculation because it is always speculation that drives up the market. In India people buy property and give a 10% token amount and a contract is drawn for 6 months. In a developing area, this property appreciates within 6 months to more than 25%. Now the speculator sells it, takes the amount from the buyer and gives the balance amount to the seller, thus booking a huge profit ! This is the true real estate speculation

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