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Industry : Banking
Activity: Question posted: 02 02 2009 14:36:34 +0000, 2 answers, 193 views, last activity 07 06 2010 20:18:08 +0000
 
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Yes Real estate market is braking due to higher price bands as due to recession the people do not have enough money to spend.At present the bank finance rates are also increased.The rise in other daily needs say food etc daily needs. It does not means the demand is reduced we can say there is no or less demand but due to unavailability of purchase money means the demand is reduced.



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by   sandeep s sanaf, Ex Engr , msedcl  | 04 16 2009 02:18:26 +0000
  Answered by     Sandeep Goyal, Client Servicing/Key Account Manager, Yes Bank  | 02 02 2009 14:58:39 +0000
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Yes Real estate market has taken a break and prices have halted at a point. Investors are not buying any property and playing safe to protect money which has resulted into the liquidity crunch in economy. And also in current market, liquidity has reduced and the funding by the private equity firms or mutual funds has mostly stopped and hence, the construction and launching of the project has just held up or been delayed by one to two quarters, some time a year, as well. So in the view of current market scenario, we can easily understand that the real estate market has effected very much with the recession of economy.

 
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