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High margin desire may stall rising sale warns Banks

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The coming fiscal term is showing better results with better sales in the market ranging from the mid income size to that of few high end units as per the sources available at www.propertykhazana.com . But on this note the leading bankers have sent a cautious note to the developers and the other realtors not to hike the property rates immediately as it many go in negative way and may hinders the debts clearance.
“After witnessing few rise at the property sales across the major and emerging locations many realtors has made their margin go high to meet their previous balance which may in turn hold the process again pushing to slump realty again” as stated by Chairman of HDFC at www.propertykhazana.com . He further adds that the recent few corrections with a collateral effort of both govt. and the realty will be hampered again if the developers take immediate hike steps on their margins.
A similar thought were placed by the Chairman and the MD of Central Bank – Mr. S Sridhar and added that “it will be very unfortunate if the realtors fail to take the opportunities of the realty sale on high scale rather concentrating on their traditional higher margins”. Though the demand for housing loans has come up with satisfactory numbers in various banks it can also go down at any point of instance if the buyers vibe a negative sentiments while purchasing their homes of budget category as added by Sridhar at www.propertykhazana.com.
Source: NBTVLIVE

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