Profit

Realty slowdown makes builders to offer more

PUBLISHED ON: July 4, 2008 | Duration: 2 min, 11 sec

  
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The present slump in the real estate sector is giving many options for those looking for that dream house. Rising interest rates and a liquidity crunch has pushed the speculators out of the market and builders are left with little choice but to sell to the end user. This entails a discount from the listed price in many cases. "When I first approached the builder, I was offered Rs 3,000 per sq ft and I finally closed it at Rs 2,560," said Kinshuk Gupta, a buyer.
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