There is always a fluctuation in market with varied range and rates and covers up gradually with some impact on the investors and the consumers. According to sources of www.propertykhazana.com among al the top cities of the country 15 has shown a negative result with gradual slow down in realty market. Since after two years the global crisis these cities are unable to keep the interest of the buyers for their dream dwellings. Out o this 9 cities could not complete the profit criteria by the September ending quarter. Other two has already surrendered their strength during the last quarter itself with steep fall of rate in property values. It is sad to say that besides launching of huge number of projects around the country the growth ladder of the property rate has drop down to 6 cities for current fiscal period as compared to that of 12 for the same period of last financial quarter.
Coming to the reason side of the slow down in realty circuit is nothing but the heavy duties of the various financial organizations. Higher rate of interest is the most noted hindrance in many major and small towns to drop the property worth. Apart from this rising cost of the materials, shortage of skilled laborers and other related reasons like land disputes and scam is converting the interest of the general public for rented apartments rather for their own private space. Rises are only noticed at the metro stations of the country except Kolkata. Kolkata is still miles to go for a better economy through realty business. Situation is keen to change with the change of government here after 34 years. Pune stays top of the list with highest growth of 13 percent where as Chennai is at 12 percent by last quarter. Kochi holds highest in depletion category with 9 percent accompanied by Bhopal with 8 percent fall down.
Source: NIMMA BENGALURU
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