Real Estate Chandigarh Facing Severe Downturn.

Published: Thursday, March 25th, 2010

The luxury-living bubble, it seems, has finally burst. Deluxe apartments and luxe villas offered by the country’s topnotch realtors in this part of the country are not just seeing a flight by investors, but have also failed to excite new buyers. With recession hitting these realtors hard and most of these projects yet to take off, many a Punjabi’s dream of a plush house, seems to be crashing. A large number of investors are now pulling out of projects, even at the risk of losing their earnest money, in absence of desired returns and resale market.

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