The list of upcoming property hubs (Cold Markets, Sizzling Properties) was unique and very useful. Several publications are writing about the fall in property prices, but I couldn't find the cities and localities which make for good bargains right now. I want to buy an apartment as an investment and your list has helped me narrow down my choices to two small cities. Keep up the good work.
—Jaya Santhan, Bengaluru
We are glad you found the story useful. As the demand in big cities continues to rise, property prices are unlikely to witness the steep blanket correction that is being anticipated. Hence, it makes sense to look beyond the obvious choices, especially for those who want to buy real estate as an investment. If you want specific information about any city featured in the story, please write to us again.
All life insurance companies give hefty commissions, ranging from 25-50% in the first year to 5-7.5% in subsequent years, to agents. Often, a chunky portion of this amount is promised to investors. This allurement is used to missell insurance policies. If mutual funds don't charge entry loads for direct investments, why aren't endowment policies, Ulips, etc, exempt from commissions? The insurance industry is afflicted with corrupt practices. I hope you will raise such issues in your magazine.
—Paramjit Gupta, Ambala
Money Today has always endeavoured to bring investor complaints to the forefront. In our regular section on financial rights, we profile people who champion the investor's cause. The problem you have identified is a serious one and we have discussed it in our earlier stories. We will continue to look into unfair practices in all fields of investments.
This refers to the story on sweep-in accounts (5 FAQs about a Sweep Account). As an example of banks which offer this facility with current accounts, you have mentioned HDFC Bank. But this facility is only for savings accounts. Please clarify.
—Deepak Patodia, e-mail
Your information is correct, but nowhere in the story have we claimed that HDFC Bank offers this facility with current accounts.
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