The India Street Examines the differences between India and China business and real estate practices. Hal Wendel of C3K Group defends China while we try to convince Hal of India's allure.
In India, it has been all gold for real estate developers and especially rewarding for those companies who are floating their companies to cash on the booming demand and spiraling real estate prices.
Excess supply coupled with rising interest rates would lead to lowering of realty price in the suburbs. It is worth mentioning in this regard that plenty of the projects, which were launched in 2005 and 2006, are likely to be finished in the next six months in Gurgaon and Noida.
