Quote:
Originally Posted by nirkit
As you know real estate has lots of money in it,so assured return is not a big deal.Those developers who are going to give you assured return are pooling your money which in other case had to take from other source like bank and NBFC etc and end up giving high interest and at the end they will have to sell the project in the market itself,so pooling money from the market through assured return plan and pre selling it.
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There is certainly a lot of money floating in RE but its unidirectional...towards buider's pocket
Builder can't really cheat banks after raising money from them as Banks are huge entities and builder cannot survive by duping them.
Howvere, they can dupe layman and Mango people and no-one would give a damn about it
BTW go for FDs of private players if you want fixed returns like Lnt NCD or any other scheme giving about 10-12% returns.