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The wait for a reasonable with less bank burden home has a sign of arrival with in next couple of months as suggested by many realty experts. According to the sources of www.propertykhazana.com lack of immediate funds for the realtors and tight scrutiny of the banks to provide enough funds for the coming projects in association with few other factors might compel the developers to reduce the selling rates soon.
There are many unused properties which are lying at many prime locations for a long term are gearing to be in sale either by lower rates or by some hidden offers to cut their bank burdens. Source of www.propertykhazana.com also reveals that if the rate of sale does not take place during the current fiscal term than there is much more possibility of price crash in vacant properties. If the same situation of lower sale rate continues for another couple of months than it will be ‘do or die’ situation for any realty house and will be forced to sell their assets with varied means to cope up with the coming economic season added by Chairman and country head of Jones Land Lasalle Meghraj – Anuj Puri.
He further adds that “if the realty industry needs to increase cash flow for their fresh projects then, there is no option remained with the developers except negotiating with the buyers with lower price to get the immediate funds.” Till now many had taken steps to clear their products before ending of the current fiscal year and adjusted a cut of around 20 per cent for per unit sell”. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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