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No Affordable Houses Available At 
8-15 Lakhs In India
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However, since 2005, builders have only been entitled to secure project finance. The Non-bank financial companies and others in the unorganized financial sector on builders are extremely high. The opportunity for securing land for a builder is now tremendously limited by the fact that he has to only secure such nonbanking finance at high interest rates in order to create new projects.
Besides, land costs have been extremely discounted by the customer’s ability to absorb the cost per square foot at far higher levels in India than it is in Thailand, Hong Kong, Indonesia or in most parts of the western world. One can buy a property of comparable quality and size in Bangkok at about 20 percent less as price than in most cities in India. The high real estate values in India have also been fed by the speculative side of homebuyers in India who have seen, happily, a steady appreciation in capital from about 2000.
The run has continued and it has not shown any sign of declining so far. China saw a crash in the realty sector some time in 2010-11. The high interest rates challenge in the U.S. led to a drop in realty prices across the United States.
READ MORE:
Bangalore Witnesses A Property Deal Of Whopping 
345 Crore
In 3 Years, Bangalore Witnesses Nearly 525 Housing Projects
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