Local real estate builders trying to maintain transparency
When the large scale builders and developers are successfully entering in tier II and tier III cities, the local builders are struggling to maintain proper business strategies with more transparency in projects.
As the second level cities have become more cosmopolitan in nature, the local builders are trying to increase their market position in those cities.
The diversity in business opportunities in these next level cities have led to local developers’ success.
Hence, a slowdown in a single sector has not impacted demand for commercial or residential properties in these cities.
The success of these local developers will inspire larger developers to enter into the cities of second and third level.
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Source : Business Standard:
Builders and developers, Commercial projects, Commercial properties, local builders, Residential projects, Residential properties, tier III cities, Tier-II cities
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