India's property hangover: Discounts, gold to cure multi-billion dollar backlog

India's debt-laden property developers are turning to deep discounts, free parking spots and even gimmicks like gifts of gold coins and motorbikes as they struggle to sell billions of dollars worth of as-yet unfinished homes. Now outstripping China as the world's fastest-growing major economy according to official data, India has a real estate market mired in debt piled up in a 2006-2007 ...

Source: http://finance.yahoo.com/news/indias-property-hangover-discounts-gold-001033367.html

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