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Realty to be closer with more than 30 Percentage discount

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Sources reported at the www.propertykhazana.com reveal that the housing property rates have improved with over 30% from the past 8-9 months, but have failed to stimulate purchasers and this will bring down the rates still more. Land rates in main Indian cities will reduce by still more 35% in the coming 2-3 years, a report by brokerage firm Edelweiss Capital stated.
Available source with the www.propertykhazana.com says that, “Property rates hiked stridently from the last 7-8 years, rising 4 times in quoted rate and 3 times in dealing rates from many years’ rates. The estimation rate must be improved for about 50% in normal term and 60% in real term.”
Chairman of JLLM said to www.propertykhazana.com that, “Rates have dropped with 25-30% and have shifted in most places. From past one year, we are expecting the rate to fall with at least 10-15% in markets where there is surplus supply and where rates are soaring.” Executive Director of Cushman & Wakefield India also said to www.propertykhazana.com that, “Rates have improved by 10-30%, expensive properties will improve by one more 5% and by 10-15% in suburban markets in the coming years.” For more updates on real estate market browse www.propertykhazana.com.
Source: NBTVLIVE

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