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Festive season unlikely to bring cheers to developers

1 Comment Sub Category:Mumbai,Residential Real Estate Posted On: Sep 24, 2012

The festive season is unlikely to bring cheer to developers as buyers are shying away from properties due to escalating and unrealistic prices.

Although developers have tried various means to boost sales – such as offering freebies and discounts, home sales continue to go through a dismal phase. Analysts feel that until prices are corrected, homes will continue to be out of reach of most home buyers.

Generally, during the festive season, developers line up new projects and sales also rise. However, home buyers are still waiting for prices to drop and price correction is not to be seen in the horizon.

To read more real estate news:

Developers banking on 20:80 scheme

 

One Response to “Festive season unlikely to bring cheers to developers”

  1. [...] Festive season unlikely to bring cheers to developers [...]

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