July 13, 2009 – 1:26 pm
Banks in India are suggesting property developers to stop increasing real estate prices as it could stop the market recovery. Developers have been taking advantage of rise in sale but its side effect could put off the buyers. So as your Personal Property Agent we recommend you this is the best opportunity to buy property. As you can see the prices are low and controlled you have got lot of space for bargain. And even if you don’t see any good property to buy around don’t worry the personal property agent is here to help you. All you have to do is Log on to http://www.personalpropertyagent.com/ and look for the properties from all over the India.
Even you can see what’s the Central Bank’s say on this price seizing moment.
S. Sridhar, Chairman and Managing Director of the Central Bank of India described the move as short sighted and that the developers are naïve if they think that by increasing prices, they would stimulate demand. Further he said, “It is difficult to generalize but as a whole there is some more scope for downward adjustment in prices, or in certain places it should plateau. That will stimulate the demand”. He added, “If the real estate players revise the prices upwards, it will stall the recovery process. Demand for housing loans has picked up among the banks but the situation is still fragile”.
Banks in India are suggesting property developers to stop increasing real estate prices as it could stop the market recovery. Developers have been taking advantage of rise in sale but its side effect could put off the buyers. So as your Personal Property Agent we recommend you this is the best opportunity to buy property. As you can see the prices are low and controlled you have got lot of space for bargain. And even if you don’t see any good property to buy around don’t worry the personal property agent is here to help you. All you have to do is Log on to http://www.personalpropertyagent.com/ and look for the properties from all over the India.
Even you can see what’s the Central Bank’s say on this price seizing moment.
S. Sridhar, Chairman and Managing Director of the Central Bank of India described the move as short sighted and that the developers are naïve if they think that by increasing prices, they would stimulate demand. Further he said, “It is difficult to generalize but as a whole there is some more scope for downward adjustment in prices, or in certain places it should plateau. That will stimulate the demand”. He added, “If the real estate players revise the prices upwards, it will stall the recovery process. Demand for housing loans has picked up among the banks but the situation is still fragile”.
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