Latest Answer: Then it should be a good news for the buyers as the funding source of real estate companies is drying out. Real estate companies have to repay the interest on the loans they had taken on previously. They also need to pay interest on it. Moreover, there are projects that are still being built and need to be delivered by a certain date. Money will be needed for all these things.
Q:One section expecting a further correction in realty prices while others are anticipating a recovery between an improving macro-economic environment.
Latest Answer: Hey guys,
But discounts by builders/developers and 3rd time Repo Rate cut by the RBI have increased significantly in the secondary transactions market and distressed real estate liquidation by lenders who have not been repaid by developers, is becoming increasingly common.
Latest Answer: Hi all,
It is very important for the developers that they change their business practices as buyers are avoid by certain developers' track record and builders also need to realise that buyers will buy into their completed projects and thus should stick to their construction deadlines and manage their cash flow during the construction phase properly. Otherwise they will have to face the same kind of difficulties in the near future.