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Demands encourages realty price

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With a bit hike in realty demand across the country’s residential sites the realtors have initiated their tradition of price hike. On a short note with www.propertykhazana.com CEO of Liases Foras states that “prices actually go high looking at the market requirement but for the realty in 2009 the scene is something different as it has just healed from long injuries of slow sale rates starting from mid of 2008”.
On the other hand Ram Prasad Padhi a prominent realtor states that “it is all a mistake wave by some developers as the sale growth is only higher due to the clearance sale of some realty products with further correction to bring up the liquidity in the market”. Pawan Swamy of JLLM on the other hand states that though every where there is wave of rise but the actual demand for the realty has not arrived yet as now after a lot correction it has touched just 10 to 15 percent across the country where as for Mumbai it is been calculated with 25 to 30 percent as depicted on www.propertykhazana.com.
Swamy further adds that the recent recovery scenario is a limited period offer for definite high end and mid projects at some selected locations only and it might go down at any instance with price fluctuations. “Now we are running behind with at least a year gap for the next realty upswing” as warned by Chaitanya Parekh of Soham. For more updates visit www.properylkhazana.com.
Source: NBTVLIVE

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