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Builders to vend the vacant properties to Govt

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The present realty scenario of the realty has made many properties unsold till today after a prolong waiting due to the varied reasons of inflation, high rate interest and other causes. As such now the big realty players are now asking the govt. to buy all those vacant properties with the current rates and can sell them out at the comfortable rates there after as added at www.propertykhazana.com this all burning topics are to be tabled at the planning commission of the state for a better solution.
The proposal was raised by many noted builders of the capital region along with the others across the nation. According to the sources of www.propertykhazana.com approximately 35 to 40 percent of the newly constructed properties by DLF remains still unsold which will be amounting to Rs 50 lakhs. After the six month of waiting there came no positive enquiries fearing the hard hit of bank rates and inflation. Same is the case with Omaxe which is also getting down by 25 to 28 percent of properties remains unsold.
Also there are certain demands from the realty groups as many are urging for include the state affairs as their construction partner and should provide the required land as equity. After the recent norm of RBI now the effected realty group is asking for more rate cuts up to 7 – 7.5 percent for all slabs of housing segments. Along with this the tax benefit will be an added benefit to the industry according to a promoter. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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