Indore real estate scenario in a glum
Indore real estate scenario is not cheered up even by the festive season. The walk ins to realty sites have gone down and actions taken by the authorities against realtors have added woe to the dismal condition.
The Confederation of Real Estate Developers’ Associations of India (CREDAI) hopes that things may improve during the forthcoming festivals like Navratra or Diwali. It has already postponed its three-day property fair scheduled to be held between 12 and 14 October in Indore.
A consortium of 25 state-owned and private banks, led by the state-owned lender United Bank of India (UBI), has issued a notification in connection with the possession of properties owned by 13 real estate firms in their bid to recover over Rs 30,0000 crore outstanding with the firms. Also, there have been raids from income tax department on several real estate developers of the city.
Banks, CREDAI, Diwali, Festive season, I-T raids, income tax department, Indore, Indore city, Indore real estate market, Real Estate Developers, Real estate firms, real estate indore, real esteta in india, Realty News, United Bank of India (UBI)
Well lets hope for the best…The Indore Real Estate scenario has been in a progression mode. Investment in the Properties in Indore is considered to be highly profitable as it offers good returns.
Nice one!Buy residential & commercial properties in Indore as per your specific needs & requirements.
[...] Indore real estate scenario in a glum Related articles [...]