Down fall in realty is still on with larger number of stocks piling up with TO-LET tags at many locations across all the major and minor cities of the country. Head of Alternate Investment Group at Kotak Securities – R Venkat has revealed that “the realty scene is still very slump and is degrading more and more in stock market and has no sign of recovery for another couple of months”. Though in some cases prices has gone down to some extent but it is yet to get start with good sale in the market as per the source of www.propertykhazana.com.
Source of www.propertykhazana.com also reveals that, in some places there has been bit improvement with some negotiation between the realty parties and the buyers but it is still away from the touch of recovering the downing scene at major locations across the country. All this results in to a worst piece of balance sheet for the current financial year and might continue to coming years if situation does not go any change.
R Venkat adds further that “if same scene continues for some more longer periods than it will be very difficult to encourage the investors to this sectors in future and myself – I will recommend not to indulge in any such realty business until and unless one go through the present circumstances of the construction circuit”. For more updates visit www.propertykhazana.com.
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