Concentrated wealth, only 3% taxpayers are costing real estate sector dearly
Joseph in your yard St. Joseph is the patron saint of real estate. Many people believe burying a statue of the saint in their yard will help sell their home. In fact, some agents bury a St. Joseph statue as soon as the For Sale sign goes up.
For the original version including any supplementary images or video, visit http://www.forbes.com/sites/zillow/2013/09/13/lucky-numbers-and-other-real-estate-superstitions/
Foreign flows into India are drying up. this site Foreign private equity funds invested over $20 billion into Indian real estate during 2006-13. The developers were supposed to make housing affordable but, instead, fuelled real estate prices across the country by hoarding finished inventory, diverting money to other projects and investing in land banks for future use. After 7-8 years, these funds are reaching their end of term and, so, would have to sell their holdings. Towering Elections Soon Real estate has been a store for illicit funds. The need for funds in upcoming central and state polls will accentuate the outflow of money from this sector over the next 18 months.
For the original version including any supplementary images or video, visit http://economictimes.indiatimes.com/opinion/comments-analysis/concentrated-wealth-only-3-taxpayers-are-costing-real-estate-sector-dearly/articleshow/22613147.cms?prtpage=1