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Developers liquidates land banks

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As per to the sources saying @ the www.propertykhazana.com, Chandigarh realty developers are observing a hold back and realtors are also proposing to sell their properties purchased at the boom time and through the old ventures, to fund their ongoing ventures. The manifold interest rate joined with the price rise has reduced the housing auctions around the city and deteriorating the things for realtors who are struggling with fiscal stipulations. Realtors of the locality are tolerating the overcook of the liquidity conditions and are not in stage to fund their on hand ventures. Once the recession hit the sector, almost all the developers found it hard as far as the liquidity is concerned, and it is also reported by the source at the www.propertykhazana.com that many developers are in row to set out their land bank to set free the companies from the debts turning out to be a burden.
Berkley Realtech’s General Manager said to www.propertykhazana.com that, “since some days market is not good. Liquidity is not predictable by means of the stocks and even the banks have become stringent about lending. In order to form liquidity, lots of developers around Chandigarh are ready to step down from their holdings for funding their on board ventures. A good number of developers with high profit margins formed property banks around Chandigarh when there was a boom in the sector, he added. For more updates on realty markets browse www.propertykhazana.com.
Source: NBTVLIVE

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