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Realty gets slow with global economic slash

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It was all going well till the first half of 2008 and then there came economic Tsunami and all malevolence started there after. Property price was at all time high just before these harsh days and both realty and economic market was going hand in hand with a better hope for future. But now situation has diverted to another end making a tough phase for both realty and economic growth in the country with fall of stock market, added the source at www.propertykhazana.com.
For the calculation of last eight months, the break has gone more deep cutting down the realty sales and putting the stock at the worst ever possible pocket at the Bombay Stock Exchange. Sources reported at www.propertykhazaana.com reveals that the main reason behind the low sales of realty diagonally fell of the job scarcity and pay deductions for many corporates and in addition hike in lending rates by banks was the massive blow to the realty fall in the country.
As per the sources reported at www.propertykhazana.com it reveals that considering the low sales realty majors and other developers have gone down with their margins and many corrections were notified up to 40 per cent for the better attraction of the potential buyers. Apart from this many other offers and gifts were the part of the housing schemes along with some prospective measures of the govt. to reduce the duties for essential commodities of construction and announced loan incentives for the bracket of Rs 20 lakhs. But even after such measures a very little change has been observed yet in the realty graph. For more and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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