Indian Real Estate Forum - www.indianrealestateforum.com - View Single Post - Guidance needed in shortlisting Khargar projects and dealing with black money

Sharpj · 27-08-10

I think the good times are gone.. NRI's do constitute a big chunk of buying.. but they do not earn money like water.. I think that phase is gone.. be it gulf.. or the west.. slowdown is having its impact .. I don't think many NRI's are in China...
Yes whenever I go to any construction site in Mumbai, the sales guy gives me that rubbish.. all booked 2 flats available.. 50% NRI's sir.. you will have great neighbors.. as if it is something good.. so that is not the reality.. I have seen projects in New Mumbai, Powai, JVLR, Goregaon, Chembur, Bandra.. everywhere broker or the sales guys tell the same thing.. all booked by NRI's

I have learnt to discount it as sales talk.. but agree they also constitute a certain proportion of buyer just as a resident indian..

27-08-10	#10
Sharpj Senior Member Join Date: Mar 2010 Posts: 762 My Mood: Thanks: 7 Thanked 15 Times in 11 Posts	I think the good times are gone.. NRI's do constitute a big chunk of buying.. but they do not earn money like water.. I think that phase is gone.. be it gulf.. or the west.. slowdown is having its impact .. I don't think many NRI's are in China... Yes whenever I go to any construction site in Mumbai, the sales guy gives me that rubbish.. all booked 2 flats available.. 50% NRI's sir.. you will have great neighbors.. as if it is something good.. so that is not the reality.. I have seen projects in New Mumbai, Powai, JVLR, Goregaon, Chembur, Bandra.. everywhere broker or the sales guys tell the same thing.. all booked by NRI's I have learnt to discount it as sales talk.. but agree they also constitute a certain proportion of buyer just as a resident indian..