Builders in Ahmedabad initiated depress sale
Along with the country the real estate in Ahmedabad also witnessing slow progress in terms of sale.
The entire real estate sector is under tremendous pressure. The price of real estate projects became stable after a high rise in last two years.
The crunch in liquid inflow made the landowners and the builders for opting the distress sale.
The builders and the landowners tried to hold the properties for a certain period of time.
But as the buyers are not showing that much of interest in investing into lands and properties, the owners are selling their properties to overcome the anxiety of managing inflow.
More related story:
Real Estate in India is slow in Finishing the Projects
Source DNA India
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