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string(1183) "[QUOTE=Agastya07;162083]Nice thread prashu. What you have refered is a very small thing. What happened if project is on hold and developer is not in position to complete the project? And Investor has already paid 40-50% payments. This credit note was issued to investors by a leading international developer with a validity of one years. Even though this has not happened in India but many Indians have suffrered because of this credit notes and and lost more than 50% of their investments. Have a look on the link.
[URL="http://gulfnews.com/business/property/emaar-denies-issuing-credit-notes-1.18298"]gulfnews : Emaar denies issuing credit notes[/URL]
[url=http://finance.dir.groups.yahoo.com/group/realdealdubai/message/43502]Yahoo! Groups[/url][/QUOTE]
Nice Piece of information ...
But don't you think that , Indian Real Estate is still not so organized and things are not as systematic as they seems ...
As per the others views it is quite clear that , Credit note are just a way to misguide the Buyers in terms of discount , in most of time it is not so easy to clear the credit notes , this is just a tool which Brokers use as the part of their marketing strategy."
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Originally posted by Agastya07
View Post
Nice thread prashu. What you have refered is a very small thing. What happened if project is on hold and developer is not in position to complete the project? And Investor has already paid 40-50% payments. This credit note was issued to investors by a leading international developer with a validity of one years. Even though this has not happened in India but many Indians have suffrered because of this credit notes and and lost more than 50% of their investments. Have a look on the link.
gulfnews : Emaar denies issuing credit notes
Yahoo! Groups
gulfnews : Emaar denies issuing credit notes
Yahoo! Groups
Nice Piece of information ...
But don't you think that , Indian Real Estate is still not so organized and things are not as systematic as they seems ...
As per the others views it is quite clear that , Credit note are just a way to misguide the Buyers in terms of discount , in most of time it is not so easy to clear the credit notes , this is just a tool which Brokers use as the part of their marketing strategy.
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