Dream towers

After the slowdown, builders have been desperate to sell their projects. As real estate is primarily about location, they have been peddling projects with false information on the distance from landmarks as well as accessibility.

Print Edition: 01 May, 2010

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"Affordable housing is not about box-sized homes in far-flung places, where there is no connectivity to work places. Affordable housing should make economic sense in terms of proximity to work place."
Deepak Parekh, HDFC Chairman, in a letter to shareholders

Tall promises: After the slowdown, builders have been desperate to sell their projects. As real estate is primarily about location, they have been peddling projects with false information on the distance from landmarks as well as accessibility. Do not take the builder's word for granted and crosscheck all facts before buying.