Orange Properties - Desperate Move to Raise Cash

India witnesses a different boom every few years - Finance companies, Garment Exporters, BPO & Technology etc. This time around the property boom is quite widespread and with global economic crisis, builders are desperate to raise crash.

Have a look at these Big Advertisements from Bangalore based Orange Properties who is seeking desperate bookings. Until the last week of October-08, Orange offered Rs 15,000 returns / Month on investment of Rs 3.75 Lakhs. Today they are offering Rs 7,500 on Rs 1.00 Lakh till the date of project completion.
Image Courtesy: TOI, B'Lore edition
At last, the severe shake out has begun, which implies,FALL in property prices or bankruptcy by Realty Developers.