Festive season unlikely to bring cheers to developers
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.
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Developers, Discounts, Festive season, Freebies, home buyers, Home sales, new projects, Price correction, Price Correction in Residential Sector, Real Estate Developers, Real estate in India
[...] Festive season unlikely to bring cheers to developers [...]