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Realty developers to pay more attention for small and budget houses

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Due to the current economic recession, opening up of smaller units are being focused by the realty market. Since the investors are gambling on small residential sectors like houses, flats, and plots where there is less risk and realizing enhanced profits. Since these units can be got easily and creates greater demand, developers in tricity are giving more options with a view to focusing on small budgets, adds the source at www.propertykhazana.com. The National developers who initiated the projects in the tricity with a focus on costly flats now are into streamlining these units into small and cheap houses.
Inexpensive factor is in demand for small sized property in the residential sector. Hitherto, the availability was basically of bigger, luxurious apartments from private colonizers and builders. Regional Director of Jones Lang LaSalle Meghraj, a global real estate services opines that “the demand in the budget segment also brings improved proceeds for the investor”. As more buyers opt for petite budget of one BHK and two BHK flats, the demand is more. A senior citizen living in Jammu says, since he hails from Jalandhar and wished to reside near this area, Chandigarh was a fine offer for a two BHK flat in Gulmohar City which he considers the best for his money. He also considers it an advantage for smaller units where cheaper home loan rates are available which was reduced by the bank recently. For more and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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