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Housing sector plays a crucial role in revival of the Indian realty

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Indian ratings and research agency CRISIL said to www.propertykhazana.com that, “Housing realty is leading the improvement of India’s bruised land market in 2010 and thanks to accelerating economic growth, lesser interest rates and enhanced cash flow. Rates for the commercial and retail space are expected to stay feeble by 2010 because of the oversupply and floppy demand,” this was said in a new study of 10 cities across the country. Head of the research said to www.propertykhazana.com that, “We consider that by 2010 we can notice some kind of improvement in the Housing Realty and there is a large hang over in the supply of commercial ventures and can’t see the lease rental raising for few years in this market.”
As per to the sources saying at the www.propertykhazana.com is, like many other realty markets around the globe has flourished from many years and the average rates of both commercial and housing space has amplified more during that span. In some high demand places like Mumbai, the nation’s fiscal capital commercial rates have gone up to 240%, as the housing rates raise to 125%. From past few months, rates have been reduced and CRISIL expects that commercial rent and rental rates will drop by 40% shortly, housing rates has slumped by an average of 25% and there is some possibilities to improve another 15%. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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