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Bangalore realty is on harsh of economic slow down

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The national and international economic scenario is also affecting the realty arena of Bangalore to a very deep extent. According to the sources of www.propertykhajazna.com, many have started to attract the buyers with new offers of interest in collaboration with some banks and some have made the free coupon of a car with a flat to the buyers to increase the selling graph of the Bangalore realty. Ex – President of CREDAI – Bangalore – Balakrishna Hegde says that “all these points of high lending rates and other financial issues of the economy are pushing the downfall of the housing sales in the city and it can be also compared with the pent up demand where it has become troublesome to fulfill the customers demand in the market”.
Hegde further adds that, the Bangalore situation is also one of the effects of the global recession mainly in US and U.K and with the realty the IT has also suffered a lot during this instance across the Bangalore IT hubs. Source of www.propertykhazana.com also points about the reluctance of the financial units to lay aid to the realty is another concern for low realty business in the city along with nation.
Coming to the experts of Chambers of Commerce and Industry of the state, has revealed that the present adverse situation of the economy has made the company’s to slash the pay hikes of the IT professionals and in turn will effect the housing lending as many are been allotted advance for their housing space from various companies. But Bangalore realtor still on never say die attitude and is hoping a better time soon with few govt. initiatives in future. For more updates visit www.properptykhazana.com.
Source: NBTVLIVE

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