Real Estate Projects in India curtails awareness midst Property Buyers
The developers and land owners in Chennai have a down feeling towards the publicity they are getting for their projects. The awareness created midst citizens are comparatively low and henceforth leading the developers to sell their property at the rate of loss. Meanwhile to initiate this, the rating wing CRISIL has initiated all the housing board companies and also the state government to increase awareness to the citizens of India as and when the property rates increases. This awareness is expected to increase the play role of the prevailing real estate prices.
However he also mentioned that many of the developers would advertise using huge hoardings and finally fail to fulfill the promises made at the beginning of the project. To avoid all these issues and to maintain a trust-able relation with the property buyers, developers will be soon mandated to claim the rating certificate from Credit Rating and Information Services of India Ltd (CRISIL).
Chennai, Corporate and Infrastructure Ratings, CRISIL, Developers, Property Buyers, Property development, Property rates, State government
