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Hyderabad's Richie rich beat the meltdown

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Hyderabad's Richie rich beat the meltdown

by Narayana » Wed Nov 12, 2008 4:49 pm

Despite an economic slowdown, the super rich in Hyderabad are buying homes as expensive as Rs 15 crore.In the city of the Nizams, a privileged few live life kingsize. So despite an economic slowdown, job layoffs and a crisis of confidence, ultra luxury homes that cost between Rs 12 and 15 crore each, are finding ready takers. Among the buyers are not just industrialists and IT czars but many traditionally rich people as well like a tobacco farmer from coastal Andhra and another person who runs a chain of educational institutions."Everyone gets taken care of in the boom period. So during the boom period, these people actually feel left out. ...http://www.maaproperties.com/Pages/Modu ... odule=News

At presently the real estate boom comes down to earth but the construction rates as before if it comes down then people interests to construct their own houses. What do you say?
Narayana
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