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Realty majors are still at the depth of low sale and profit

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Though there is some light on the dark age of realty with crawling rise in sales but the major players still cries with 76 percent low on the last fiscal profit and around 57 percent fall at the realty sales for the June term reading as added on www.propertykhazana.com. As per the realty analyst the realty world is still making ways for better sustain with creeping demands from the buyers.
On a short note with www.propertykhazana.com a prominent realty analyst - Shailesh Kanani states that “few initiatives of the govt. can be more supportive especially in the case of budget housing with approvals for subsidies. But at the same time he also points that the realtors who are still expecting more margins at such circumstance can rather spoil the game for realty rise in the country”. Rajiv Singh of DLF said at the www.propertykhazana.com that “the realty volume is on rise for both budget and mid income group and also few enquiries has been received for the high end structures”. Unitech on the other hand has cited their 63 percent fall in the profit zone and sale down by half as compared to last fiscal.
With the same tune other major realtor like Parsvnath, Akruti, Sobha, and Omaxe also cited a drastic low in the profit margin as compared to the last fiscal year going down up 95 percent. Chairman of Parsvnath reveals at the www.propertykhazana.com that “the worst scene of the realty is almost over as the market has booked many buyers with new address at various completed sites”. But the volume of sale mostly occupies the price range of Rs 20 to Rs 35 lakhs. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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