Local real estate Realtors are not interested in new projects
As an effect of cash crunch and less interest in buyers, the city based real estate developers in Ahmedabad are not interest in buying lands.
According, to a spoke person of a real estate developer in Ahmedabad, the price of properties are going high.
That is impacting on the execution of current real estate projects. And as the debt capacity of the local market is very less, the Realtors are not able to manage the funds for investing in buying or purchasing new lands.
As the demand for residential and commercial properties are reduced, the builders are worried about fund locks if they invest on new projects.
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Sources Business Standard
apartments in Ahmedabad, property market in Ahmedabad, Real Estate in Ahmedabad, Real estate in India
[...] Local real estate Realtors are not interested in new projects [...]
[...] Local real estate Realtors are not interested in new projects [...]