Real estate boom of ‘06 to gain momentum in ‘07

In India. Sorry, but I saw the headline and could not resist.

The booming real estate market will gain momentum and is likely to attract foreign investment worth Rs 8,000 crore in 2007, an Assocham study has said.

“The real estate boom of 2006 is set to multiply itself in 2007 to get India a foreign capital of over Rs 8,000 crore with leading international investors establishing their presence in the rewarding real estate development,” the industry body said in a statement.  via The Economic Times.

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