Realtors offering discount to luring home buyers

By Accommodation Times (www.accommodationtimes.com)

The contemporary real estate market has brought some hope for home buyers those are waiting from long time to fall down property prices. Realtors are from across the country offering discount to attracting home buyers. Similarly, builders from the several major cities like Gurgaon, Noida, Mumbai, Bangalore & Chennai are offering discounts, ranging anywhere between 10% and 25%, %, sometimes in the form of direct discounts and sometimes in the garb of unique payment plans.
On the other hand property market has witnessed of downturn from last several months, moreover sales have down in many markets, raising inventory levels and thirteen key interest rate hikes by the Reserve Bank of India haven’t helped either. The move of RBI has made it more difficult to get housing finance for construction. In such state real estate players are planning to create liquidity to complete their projects. In Mumbai like city realtors are fade up and has facing slowdown also market has recorded the 20% drop in property registration deals in November only.