National capital region picking up the realty pace with budget housing
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The new trend of realty budget housing is getting more demand at the national capital after the high rise in bank interests and other measures of the economic slow down. Source reported at www.propertykhazana.com reveals that many new constructions in and around the capital region is getting huge response from the buyers which fall in the range of Rs 2500 to Rs 4500 per square feet.
According to the sources of www.propertykhazana.com Jaypee Greens ‘Aman’ on the Noida expressway has booked around 3300 units immediately after the announcements made which were at the cost of just Rs 2100 per square feet. Earlier they have made in the range of Rs 4500 to that of Rs 6000 per square feet on the same location along with 1000 independent floors for park Elite in Faridabad which was also succeeded by 3700 booking with in a very short time.
Commenting on this issue on www.propertykhazana.com CEO of JLLM depicts that the developers are still at the margin of 25 to 40 percent and new norms by the govt. to encourage the infrastructure is gearing up with more profitability for the realty houses. Apart from this the gradually declining rate of lending is pushing the sale bit more then the usual expectations at few selected locations. In addition high end users are also curving towards the budget housing and as per confidential reports around 30 percent of this is already at the accounts of investors and the brokers. For more updates visit www.propertykhazana.com.
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