Realty sales swoop down in Thane
Major headache! Yes, the developers and builders are worried as the sale of apartments and commercial spaces in the city swooped down from long time.
Rising mortgage rates and real estate prices has raised loss of interest in prospective home buyers in Thane city.
From past eleven months, property sale transactions has crumbled from 24,601 to 16,775 units.
However, the contrast is that the rental deals have shown an upward surge. Rental deals have shown sharp raise from 8,785 to 9,658 residential and commercial properties being leased out this year.
Meanwhile the home buyers in the city are now looking forward for the builders to reduce property rates owing to the overall slump in sales.
Source: The Times of India
Apartments, Apartments in Thane, Builders, Commercial Property, Commercial spaces, Developers, home buyers, Property sale transactions, Prospective home buyers, Real estate prices, Rental deals, Residential property, Rising mortgage rates, Sale of apartments, Slump in property sales, Thane city
