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Housing properties sees a marginal decline

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As per to the sources saying @ the www.propertykhazana.com, in realty industry is juggling with recession and variation in subsidiary markets. In some of the countries, main cities have experienced about 6% drop in capital values in housing properties. The expensive housing market of Pune has witnessed a reduction of about 8% in capital values during July-September span, as it was dropped by 1% in mid-range group. Other main markets like Mumbai and Bengaluru have seen a drop of about 4-5% in the mid-range residential segment. But, some places in Chennai has seen appraisal in capital values with about 10%.
C&W India Director of Residential Services said to www.propertykhazana.com that, “The majority of markets are forecasted to persist to have steady capital values with a crumbly in main small markets. Lifeless festive seasons, along with quick fall in stock markets have forced the condition more for the developers, who are also fighting crisis like high rates of servicing debt and cash flow issues.” Improvement in value in the subsidiary auctions, market has affected the total values of housing properties in some small markets and is likely to impact on the capital values in the coming financial Quarters.
Source: NBTVLIVE

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