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SEZ of Satyam may get on hold

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With many reasons the realty is getting slower in current atmosphere. Recently Satyam Fiasco has pulled out their hands from a realty segment involving huge investments viding the slow pace of the realty. According to the sources of www.propertykhazana.com the industry is already running the corrected markets of realty which has gone down to 20 to 28 percent last year.
Source of www.propertykhazana.com also reveals that approximately 79 percent of the total commercial space in India posses the tag of IT and other related services of the IT segments. For the last financial year the amount of total area came under the influence of such IT is noted around 36.45 million square feet. The main locations included here are Bangalore, Kolkata, Mumbai, National Capital Region, Chennai, Hyderabad and Pune.
But confidential sources www.propertykhazana.com also reveals that the Hyderabad location is making worry for the realty giant as it is experiencing a steep fall of prices with the effect of both realty sluggish and economic slowdown. The absorption here is even down by 6.4 percent with the record of 1.4 million square feet against the supply of 4 million. “The situation has become very hard to sell or rent a property here since transaction rate has gone down to deep low” said the spokesperson of Maytas at the www.propertykhazana.com.
Source: NBTVLIVE

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