Luxury residential projects may delay!
Property buyers beware of the residential projects which avail discounts while buying a property.
According to the recent survey of Jones Lang LaSalle India (JLL), the developers who have started luxury residential projects will soon be facing problems in delivering the projects.
Due to hike in interest rates and high property prices there is a downfall witnessed in economy and the residential property sector. This has intern hit the realty sales resulting in the luxury apartment projects getting delayed.
Therefore, the property consultants advice the property buyers to keep in track of the luxury project they have booked or if to postpone the plan of buying luxury residential for near future.
Source: Live Mint
Buying luxury residential, Economy, High property prices, Interest rates, Jones Lang LaSalle India (JLL), Luxury residential projects, Property Buyers, Property Consultants, Realty sales, Residential projects, Residential property sector
