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Realty sector hoping much on NRIs

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Mohali district realtors had witnessed a beam of expectations between NRIs to maintain their business going though the global downturn, as the local purchasers are stepping back from purchasing residences which are rising up in big number in the district. Thousands of NRIs are probing regarding the accessibility of residences, apartments and villas; realty segment has suddenly got the new lease of life, or else was seeing a low business from the past 5-6 months.
Managing Director of Royal Estate Zirakpur said to www.propertykhazana.com that, “From the past 2-3 months I have obtained about 550 probes from NRIs and had already sold 5-6 apartments to them and now we have a plan to develop NRI tower at Royal Estate as the demand is big.”
Managing Director of Maya Garden Zirakpur is also happy with the good business, in full hopes ahead as after taking about 650 probes for residences from past 2-3 months and he has sold about 7-8 apartments to them. Feedback from NRIs is wonderful and it showed that good days are on the way for realty segment.
Partner of Swastic Vihar Zirakpur said to www.propertykhazana.com that, “As there was a good reaction from NRIs, local purchasers are waiting for the land rates to drop more and they expect good business ahead, as service tax will be totally heaved out and interest rates are likely to be lessened more. President of Peermuchalla Builders Association said that, about 150 probes are coming in one day as auctions are not rising.
Source: NBTVLIVE

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