Real estate is no doubt a capital-intensive industry and it functions entirely on the number of sales. The real estate developers are compelled to take loans from the market and the sales figures are the lowest in the past few years. With the rising construction & labor cost, there is nothing left for the developers. The last few years have seen a steady price rise in each and every sector, while the real estate sector has not seen any significant rise.
If we compare the September quarter this year and of the previous year, it’s 17% rise in home space sales in 8 metro cities, according to the renowned property research firm, Liases Foras. The improving economic sentiment shows that the individual buyers now assume that the market has bottomed out.
Ajita SinghMiss Ajita Singh is a renowned writer & blogger who loves to write a lot on real estate top...
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