THIS FES­TIVE

HT Estates - - Front Page -

de­vel­oper and the price point at which the stock is be­ing of­fered. The like­li­hood of a huge spurt in sales will de­pend on the over­all eco­nomic en­vi­ron­ment, says An­shu­man Mag­a­zine, CMD, CB Richard El­lis.

The num­ber of apart­ments sold last year in Delhi NCR was 50,000. This year, 16000 units were sold in the first half. Even if there is an in­crease in sales dur­ing the fes­tive sea­son this year, the over­all num­ber will still be less than last year, he adds.

It’s im­por­tant to note that sales dur­ing the fes­tive sea­son do not en­tirely de­pend on the fes­tive of­fers, in­cen­tives and free­bies, doled out by de­vel­op­ers. Buy­ers who take the plunge dur­ing fes­tive time are those who have waited far too long for prices to cor­rect.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.