Realtors to predict price raise

Posted On: 2014-09-23 22:00:29

   Home builders are confident the current business climate marked by rising inventory and slow investments will turn around soon.

    Inventory in residential real estate constituted mainly by under construction projects and a smaller proportion of finished homes - number 15,000 homes in Chennai, said Sandeep Mehta , President , Confideration of Real Estate Developers Association of India ( Credai).

   Addressing reporters at the launch of property summit Fair Pro 2014 , the Credai Chief said the Industry is in a Challenging Phase. 

   Buyers are holding investments in a climate of economic uncertainty , but with the ensuing elections, the market sentiments is bound to improve , the Credai Chief said.
Source : The Business Times - Chennai (19-FEB-2014)