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It is at rental deals where the realty agents are now hoping for

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Property auctions is dropping by 55%, realty brokers have started gazing at the rental market to stay buoyant. Khanna Properties Head said to the www.propertykhazana.com that, “Finally, we are counting on rental market to preserve our business ongoing. Previous year, we use to have minimum 10 bookings a week, but now it is very difficult to manage 10 bookings a month.” He had started business in 2004 when the real estate business was in full play. Proving the style, MD of North Indian Operations of realty services and money management firm JLLM said, “Rental business had witnessed a foremost flow, in fact it had a big potential in India as there is big middle class population without residence.” As said by the president of the Association of Certified Realtors in India, the realty brokerage business had a bad-strike as the realty slumped.
Chairman of Axiom Estates – London Headquartered caterer of land services in India said to www.propertykhazana.com that, “This is definitely a hard time for the brokerage business, so we have to be more pioneering and discover the ways to preserve the business ongoing. As export and import activities had dropped by over 50% and we are concentrating on rentals, which before was a small important locality. Also, we had started giving different services like 2nd residence deals and money-making rental solutions for corporate residences as they all are gazing at hewing rental costs and are shifting offices.” For more and latest realty information browse www.propertykhazana.com.
Source: NBTVLIVE

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