Buyers Aren't Deterred By the Pitrapaksha Not withstanding the fact that the Pitrapaksha , the annual ceremony for the dead is on, a large number of prospective home buyers are thronging the camp offices of several realty firms. There are several investors and buyers in the market desperately looking to home in on a property despite the high cost of flats. Analysts say that after an extended downturn, demand is slowly picking up. The profile of buyers has also changed in last few months, the number of NRIs, who formed a major section of investors, has come down, while domestic buyers, professionals and businessmen are coming into market.
In the last few years, property prices have risen mainly due to the speculation and sales have gone down. Banks are also playing spoilsport. Experts say that at times, even after they promise to give housing loans, banks hesitate in releasing the final installments for even completed projects. This creates a financial crisis for the customers and the negative feedbacks keep away other genuine buyers. Realty players in Delhi are now trying every trick in the book to lure commercial real estate buyers. Due to the astronomical prices, commercial properties are facing a tough time in attracting investments across the country. But, all the stakeholders are pinning their hopes on the forthcoming festive season to lift sales and bring cheer to the realty sector. For More Information Please Visit Us : Residential House and Buy Flat.
Published on Dec 31, 2002
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