Festive season
Indore real estate scenario is not cheered up even by the festive season. The walk ins to realty sites have gone down and actions taken by the authorities against realtors have added woe to the dismal condition. The Confederation of Real Estate Developers’ Associations of India (CREDAI) hopes that things may improve during the forthcoming [...] Continue Reading »
The festive season is unlikely to bring cheer to developers as buyers are shying away from properties due to escalating and unrealistic prices. Although developers have tried various means to boost sales – such as offering freebies and discounts, home sales continue to go through a dismal phase. Analysts feel that until prices are corrected, [...] Continue Reading »
Festive season has triggered initiatives to boost home sales. Banks and builders have come up with lucrative offers for home buyers. Several banks have cut rates on home loans by 25-50 basis points and real estate developers are offering discounts on under-construction and ready for possession properties. Bank of Baroda, Allahabad Bank, Central Bank of [...] Continue Reading »
Diwali in India used to record 10 percent profit every progressive month in home loan sectors. However the same time prevails no more as this Diwali recorded a flat income in home loan sales. The housing finance sectors were astonished to face a bad breakdown as this happened never before in the history. Central Bank [...] Continue Reading »
Mumbai denizens were in a festive mood midst the residents staying in the high-rise apartments were suffering form phobia. The reason behind this was the fear of the aerial crackers like rockets getting into their flats creating mess or also there are chances of it catching fire. Also there were many cases traced of fire [...] Continue Reading »
Here is a happy time go for the property buyers in India, the builders are availing discounts this festive season. Even the builders are convinced that the rise in inflation and also high rate of interest are burdening the home buyers in India, though the property buyers might have good amount for the loan down [...] Continue Reading »
Delhi metro railways will be aboard to commuters services only till evening 8 pm, as the Diwali is soon arriving and lasts for nearly a week down the north. One of the Metro spokesperson reported over the same saying that the same rule has been mandated at all the six terminal stations at Delhi. Also [...] Continue Reading »
The President of Maharashtra Chamber of Housing Industry says, “Festival brings happiness and people afford to purchase new home and vehicle. As per the Indian tradition, people purchase on the auspicious occasion of Dussehra and Diwali. He also reports saying there is a good growth in sales during these festivals”. Mumbai is yet to start [...] Continue Reading »
Prices of new residential property could fall 10-15% by Diwali. But leading builders say supply has to increase for prices to come down. The RBI’s rate tightening has resulted in developers not having funds to complete projects, and hence the supply will remain in check while demand is still intact. A 10% price correction is [...] Continue Reading »
