Weather Housing boom
FROM
ISSUE #95 (24 MAY 2002 - 30 MAY 2002)
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Construction is big business in the country these days. Consumer housing is the fastest growing segment of the?industry estimates say about Rs 2 billion has been invested in consumer housing in the past two years. If market trends are anything to go by, more money is destined to flow that way, and there might soon be more than the current eight major players in the market. The home schemes now in the market are largely apartment complexes, although some builders also offer stand-alone homes. Banks and finance companies have joined the business, giving it added impetus. Apartment and home prices range from Rs 700,000 on the low end, to a high of Rs 5.2 million.
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