Residential sales held back in 2011
Even though overall report of realty 2011 reveals a neutral picture, the fact lies hidden behind!
Probably we forgot to discuss or have a look back at residential sales of the year. It was a deadlock realty transaction!
There are already plenty of residential projects pending to be sold and with this remark the upcoming projects for the year 2012 have been blocked.
The developers have decided to sell all the pending unsold residential sectors by hook or crook.
The developers have already started giving discounts, freebies and many such attractive offers to push the stock! Thereafter, 65 percent of the housing projects which will be delayed will then be carried over to the market for fresh realty deals and transactions.
However, the property buyers are on a hope fence direly waiting for a realty price correction. Developers are sheer bothered with the response seen from the investors and property buyers
Source: Indian Express
2012, 65 percent of unsold housing projects, Deadlock realty transaction, Deadlock transaction, Developers, Discounts, Freebies, Housing projects, Residential projects, Residential sales, Rrealty 2011, Unsold residential sectors
