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No festive gifts for realty

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Deeping low realty market is quite ineffective during the current festive season too. According to the sources of www.propertykhazana.com no good news was scented during the current festive season as compared to the previous years as realty sell still stagnant at usual height. In India these festive seasons are considered to the best and auspicious time to get business at any sector and same was expected by the realty house but it all went in vain with no up gradation in numbers. Hence many realty firms have made their mind to bring the rates for better notice of the buyers. A margin of 10 to 12 percent deduction is expected by the year end to increase the sell rate by various realty houses. However, many have already started the processor to be the first in the line.
Source of www.propertykhazana.com also reveals that ineffectiveness of the private equity deals too has the equal share for a slump sell rate of property across the nation. Though a huge effort was made by the developers but the buyers are still away and the sell rate still touches the same point as no rise in sell has observed after the offer of up to 15 per cent exemption as stated by a CMD of a leading realty brand. Same was noted for the secondary markets which was quite lower than the earlier expectations.
Chairman and country head of Jones Lang LaSalle Meghraj – Anuj Puri has stated that now there is no point in waiting for festive season bonanza and the rates might fall to another 2 to 3 percent within very short while. For more details and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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