Further correction in the lending rates may ease the home loan consumers and waiting buyers more near to the realty counter. Source reported at www.propertykhazana.com reveals that the recent cut in rates by Reserve Banks of India will be followed by the other associated banks soon making an easy going in the lending segments which affected the realty to a great depth. The main two reasons of the low realty profile in recent times can be categorized under two folders. First is the high rate of interest by the banks which has become almost unaffordable for mass to complete and second, even after the rates of the banks has been corrected to a limit the unwillingness of the realty houses to reduce the price tag plays a major role for dump realty market as added on www.propertykhazana.com.
Confidential sources also reveals that even after making certain correction in the realty markets the realtors are unable to attract the buyers for one or the other reason. Going down to the question of correction many are still confused to what extent the prices should be corrected to bring the buyers for a realty deal. Till now many correction has been made virtually with the RBI rate cuts time to time but it has shown a very minimum upshot. Executive MD of Cushion and Wakefield express that “the market has yet to come down with more feasible rates to cope with the bank interest”.
But on the other hand CMD of Omaxe has an opposite edition and claims his company is one of the top most at the BSE and possesses the largest among the other realty groups. For more updates visit www.propertykhazana.com.
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