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Rebate on Properties Being Put to a Halt by Realty Developers

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The practice of giving rebate has been put to a halt by the builders in India and there are instances where higher rates are quoted when requirement increases. A per a source saying at the www.propertykhazana.com, though the rates are high, projects may get to become as low as compared with the markets a year back. Guessing that there was a crunch in the realty market which plummeted with more than 30 per cent but the industry experts says that the sector will retain its charm with a mild increase of 15 per cent in the coming days.
It is also added by the source at the www.propertykhazana.com that the price revise will vary from place to place and major realty players by now have slightly revised the price tags ranging from 2-15%. In a verbal communication with the www.propertykhazana.com, a senior Lodha Group executive said that the cost of luxury dwellings were up with reasonable hike and adding his words, Director says that, “even though the prices are revised there is considerable number of transactions taking place.”
Brigade Group chairman says that, following other major companies, Brigade has lowered its rates up to 20%, subsequently the prices are now increased with 5% and depending upon the market conditions further hikes will be imposed and he also added that the juggling realty segment will retain its lost glory by the end of the financial year 2008. For more and latest realty updates follow us at www.propertykhazana.com.
Source: NBTVLIVE

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