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Realty Segment concerned over the ongoing Recession

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As per to the sources saying @ the www.propertykhazana.com, earlier realty developers secured a good property bank hoping high property appreciation in the future in Singur simultaneously the Tata Nano plant was proposed in Singur. But, now the development is very slow as the destiny of the venture is still unsure. Therefore, property transactions are moving slow and even the Trinamool Leaders have said that if Tata’s quit then Singur will be affected, but not for more.
Panchayat Office bearer and Trinamool Leader said to www.propertykhazana.com that, “We need Tata Plant to be in Singur, but we are not anxious. Localates impasse must be resolved and the future of the adverse people loosing their properties has to be secluded.” Singur town has showed the people that how they become rich by converting their huts into two-storied buildings. The property dealings have slowed down by four-five times.
Das said to www.propertykhazana.com that, “Rates may witness some improvement because of fine accessibility to the NH and industrial development in Asansol and Bardhamaan; property rates cannot be dropped even if there is 100% of hike.”
Aparna International Ltd. Manager said that, “Small portion of land was purchased by us in front of the Tata Motor’s factory site and had plans to construct storehouse or a residential complex. We also discussed with Auto-ancillary vendors for constructing a residential complex and had paid Rs. 2 Lakhs to an architect. If Tata’s leaves the venture then we will be bankrupt”, he added.

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