Budget housing vogue gradually gaining importance in North
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Available sources at the www.propertykhazana.com says that, after the worst days for the land market auctions for reasonable residences, two residential ventures in Delhi NCR is been booked fully after the opening. In Jaypee Greens new venture ‘Aman’ has been launched with 3500 apartments on Noida-Greater Noida expressway and was fully booked on the launch day itself and these apartments rates at Rs. 2,200 per Sq.ft. Jaypee had started apartments from Rs. 5,000-6,500 per Sq.ft on the similar expressway in the previous year and also 1,500 independent floors in BPTP’s venture Park Elite in Faridabad were added. BPTP took 3,800 bookings worth Rs. 85 Crores for the venture and builders at last came to aim on the middle class clients with extra cash flow which begin made accessible and interest rates were dropping for more.
A Chief Executive Officer of JLLM said to www.propertykhazana.com that, “Rates are astute, which is fundamentally the developer who is making 30-45% margin and new Govt. is concentrating on infrastructure, so there is a sign that interest rates might come down another time.” But, it is not only consumers who have lined up for reasonable residences and 35% of these apartments is been booked by investors and brokers. A Realty forecaster said to www.propertykhazana.com that, “Investors have made many bookings and obtained a good profit of 15-20%.” So, the worry is that realty rates have come to the base and has witnessed demand raising for reasonable ventures, but the question is that will these ventures get completed on specified time. For more updates on realty market browse www.propertykhazana.com.
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