Unexpected fall of realty business across the country is the main topic of the business in recent days. According to the sources of www.propertykhazana.com, a wave of making the housing price low has been initiated by many builders to support the cash flow for their immediate debt of the various banks and the other financial institution. DLF head Rajib Singh says that “the govt. should take longing initiative to bring up the downing industry back to its stabilization”.
He further adds that higher rate of mortgage is the most concern of the hour, as it is almost double the rate of the neighboring China. He suggest the govt. to put some exemption for the first time home buyers to make up the const of the realty business which might take place with in another six months or year following these criteria’s. Source of www.propertykhazana.com also reveals that the current rate of interest has rose from 8 percent to 13 percent just with in a very short while which made the realty nervous across the country.
As per the sources of www.propertykhazana.com the realty giant DLF has lost 4/5 of its share at the current fall of realty and still the projects are lying vacant without any selling documentations. “Though the finance minister has assured to provide more aid to the realty groups along with other provisions of national and overseas investment, but it will all vain until and unless the buyers get attracted towards any scheme led by the govt. authority and many aspiring buyers are waiting for that magic moment to owe a dream home at their best price” says managing director Aberdeen Asset Management Asia. For latest realty updates visit www.propertykhazana.com.
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