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Correction still continues in realty

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Till date the realty sell atmosphere is under cover of high interest and capital cost across the nation. Although there is a bit rate cut by the Reserve Bank of India recently, still the buyers are far away from the realty booking offices for more slash in near future. So along with the RBI, if there comes few more exemptions from the developers end, then it will be much effective to draw the attention of the waiting buyers with better rates as per the sources of www.propertykhazana.com.
On the other hand, if this drastic drop continues then it is sure to effect the generation of revenue from the realty business for the September quarter. CMD of Omaxe has revealed that, “we are bit comfortable with the recent RBI action and might make the Banks to reduce their rates in the near future to attract the buyers as well as for more new construction”. Advisory team of DTZ also predicts that such emerging situation will pave the way for deserving candidates to owe a private space with an affordable cost. According to the sources of www.propertykhazana.com, around 30 to 35 percent of price was corrected earlier and now with new offer of the RBI it may touch to the rate of 20 to 25 percent.
Source of www.propertykhazana.com also reveals that the lower sell rate has hugely affected the profit margin of much realty giants across the nation. Counting the margin of stare realty DLF which is dull by 4 percent that touched Rs. 1933 crore and Unitech has been struggling with 3 percent decline amounting to Rs. 980 crore. The other realty house has the same story including Omaxe and Parsvnath.
Source: NBTVLIVE

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