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Slope in Real Estate – 20% Fall of Housing Sale Prices in Big Cities
In recent days, the real estate seems to be inclined. Usually, this kind of circumstances will happen during the closet of the poll.
But, Stock Exchange summary has not affected
to high level because of election. At the same, in big cities including
Chennai, Mumbai the housing sale rate has descended. Many newly built houses is
not getting sale faster. On the other hand, the second hand (old) houses
selling rate has decreased by 30%.
In Delhi, many famous construction
companies have invested their money in building multi-storyed apartments. All
their construction work has been paralyzed, as they are struggling a lot, to
sale their buildings.
Same scenario has been faced by the
builders across Chennai and Mumbai.
Based on the election results and in
hands of the new party, the real estate trade will come back to its old form.
As of now, selling new buildings is getting slowed down; old houses selling rate has descended by 20 to 30%, real estate experts revealed.
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