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Feasible down payments worked out for developers in selling new units

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It is reported by the source at the www.propertykhazana.com that roping realty rates combined with lesser booking amounts are forcing developers to sell new assets in cities like Mumbai and Chennai. There has been an improvement of more than 35% in rates of ventures that have just been proclaimed. Reports said that, “As there has absolutely been an improvement in rates, it is irregular and won’t finish in many cases. Majority of improvement is around 15% mark with some ventures having improved by nearly 35% and a big amount of improvement appears like it has taken place in and around Mumbai in localities like Thane, Virar, Mira Road and Mulund.” From the last couple of months, few developers are launching new ventures at lesser rates which are close to their ongoing ventures. They have reduced the rates in their present ventures to persuade potential purchasers.
MD of Parklane Advisors said to www.propertykhazana.com that, “As there is no barmy rush to purchase residences at the right rate, deals will occur and even purchasers and builders have felt that.”
Nirmal Lifestyle has started new ventures in Mulund and Kalyan at unique rates and now says that it has been sold about 750 apartments. MD of the company said to www.propertykhazana.com that, “As the rate in November was for Rs. 7,500 per Sq.ft, but now the apartments in the new ventures in Mulund are given at Rs. 4,900 per Sq.ft.”
Many developers like Akruti in Mira Road have sold 350 units within days of its openings and HDIL has given properties in Mumbai’s suburbs like Andheri and Kurla for which the reaction is good. Chennai have also witness improvement in rates with many builders falling rates up to 35%.
Land dealer in Chennai said to www.propertykhazana.com that, “Few realty builders are set to go by on the cost benefit to people, who booked before; this is in the form of more locality for the similar rate or merely more freebies.” Neptune Builders for its Bhandup Ventures has urged for a booking amount of merely Rs. 52,000 for a 2 BHK flats. Most builders take couple of years to finish it and the remaining payment can be spread out. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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