The Indian realty bite is at all time low and is expected to loose more weight around 30 per cent by coming days and it is making a parallel effect to the country’s economy as per the sources of www.propertykhazana.com. The down fall in the realty business has made the associated products like cement, steel, iron and other related constructional goods to cut their budgets due to lower supply as compared to the previous years. This further led to the sliding of GDP to 5.8 percent for the current year.
Source of www.propertykhazana.com also reveals that the realty index in BSE has touched 84 percent fall as compared to the record of the last financial year including heavy mans like Unitech, Indiabulls and DLF. Going further into the sectoral index on monthly basis is has deep more than 13 percent. 1631 is the current trading scenario of the index against the last year’s record of 9783 points.
A pioneer economist Tushar Poddar says that “housing segment consist the major segment of any household wealth. A negative effect on investment and consumption is sure due to the current image of realty deals in association with fall of other associated markets”. He further adds that it will counter effect the balance sheet of the companies and will increase the cost of funding along with fall of investment and confidence. Though it has various effects on the business no one can keep one self away from the price correction for the hope of better times in future. For latest realty updates visit www.propertykhazana.com.
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