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Saturday, 16 November 2013

'Premium housing prices may fall soon on inventory pile-up'

Mumbai: Investorscan look forward to premium housing units getting cheaper by up to 20 percent and gold prices rising significantly this festive season, says a financial advisory firm.

"We are expecting premium housing projects to get cheaper by up to 20 percent... Potential buyers will not have to negotiate discounts, since realty companies are in all probability going to make such announcements," a Delhi-based financial advisory firm InvestCare said in a statement.

The high inventories can soon impact cash-flow for realtors, adding that depending on the project, a cut up to 20 percent could be possible.

"A cut in prices is definitely possible for premium housing units. If companies can cut prices, it will help bring back buyers to the market despite the weak environment", its Managing Director Ajit Mishra said.
To read more please visit   zee business news

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