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Realty Stocks the first and foremost victims of realty recession

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Source reported at the www.propertykhazana.com says that realty stocks are heated up as of reduce in demand experienced by the realty market. The rate of realty stocks has fallen nearly 50% from 6,000 points to 3,500 points and when the rate is likened to previous week it has crashed by 20%. Out of 15 stocks 14 is in the scarlet, then also realty stocks are not viewing any opportunity of revival and realty stocks hut 200 points to end the day with 6% below near to 3,600. Even if it had achieved a high of 3,500 points, it might not continue and overall total of 5 Crores realty shares were traded through the day. As said by Goldman Sachs, the rates ought to still drop by 35% for the demand to raise certain geographies and few developers have also started selling their apartments owing to less demand.
Reports by CB Richard Ellis says that the demand for commercial space in the main places have dropped severely. According to the sources saying at the www.propertykhazana.com, some of the main realty stocks were heading the group through the slump that was witnessed during the days and DLF had lost nearly 18.5% and in the meantime, Unitech also did not had good trading by dropping 12% and even HDIL was dropped with 19%. Sobha Developers was optimistic field by getting 2% and in January these stocks had tapped the whopping level of 1,500 from which fell to a less of 1,300 in March when the downturn increased. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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