Taking note of the slump realty across the country, Confederation of Real Estate Developers’ Associations of India (CREDAI) has made a request to all its associates to make the margin bit low to get more sells in the coming days. According to the sources of www.propertykhazana.com, sensing the higher interest rate by the banks many realty groups has already started reducing the price tags at their projects.
Though the exact tip of lowering is not mentioned by the CREDAI as the property rates and demands may differ from one location to other and since it also has some high burden of housing and prices are still on peak at few selected areas as stated by the CREDAI officials. As per the sources of www.propertykhazana.com, the CREDAI has a bundle of around 3500 realtors under its range almost all has agreed to the reducing norms of the realty to peak up the cash flow in the market.
Another influence of the low down of the realty market is that the industry had to take extreme steps to deduct its skilled and semi skilled manpower who was on full employment terms raising up to 10 million youths. For more and latest realty details visit www.propertykhazana.com.
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