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Bank leaders warns property players before hiking rates

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With a bit rise in recent market of realty the craze for higher margins has again grew up among many developers. On a short note with www.propertykhazana.com Chairman of HDFC bank – Deepak Parekh states that “it is very unfortunate that all at the same time is making an increase at the property rates which may lead to another dark period soon if the buyers get disappointed”. After long trial with various options and offering the realty market has come up with few signs of growth with many relaxations from govt. of India and reserve bank.
“This is the best opportunity to keep up the pace of realty with lowered margin until the previous debts get cleared but a harsh movement can bring another downfall again in the realty graph” as added by the Chairman further at www.propertykhazana.com . It is just the initial stage of rise and developers should be keep their patience till it gets to peak after few couple of months. On another note S. Sridhar MD and chairman of Central Bank has posted that “it is the short sightedness of the some developers who are voracious for more margins with in a very short range, rather they sail according to the wind of the market and then pull for the better margins”. For more and latest realty updates follow www.propertykhazana.com.
Source: NBTVLIVE

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