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Housing demand rise with lower lending rates of banks

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After the economic slow down and high rise of lending rates by country’s financers has dawned the realty sale graph to a great extent. On a short note with www.propertykhazana.com Suman Memani of Religare capital states that “since there was financial crisis among the buyers due to job loss and other varied reasons the realty sale has diminished but now with lowering bank rates the potential buyers makes enquiries for smaller package homes around the major and emerging cities of the country”.
Memani further adds that frequent correction of housing rates up to 13 percent during 2008 and now with added 8 percent is also encouraging the buyers who are waiting for the right time to get involve with a housing deal. This housing section of realty comprises around 70 percent of total Indian realty scenario and might take another two months for better pick up both with budget and luxury section. Source reported at www.propertykhazana.com also reveals that rising of funds through the path of institutional placements will excel the rate of completed realty products rather than just creating a land mark.
As per the source available on www.propertykhazana.com Unitech the second name in realty recently disposed its 325 million dollar shares to the institutions where as the top gun DLF succeeded to raise around 780 million dollar. Indian Bulls positioned at third place in realty has also sold its share amounting 550 million dollar by the end of May where as 9 other realty units has been allowed to sell its share which will be in the range of 2 billion dollars. For more and latest Indian realty updates browse www.propertykhazana.com.
Source: NBTVLIVE

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