Saturday, August 15, 2009

Unsustainable hikes

For example, Aldea Espanola Baner, in Pune real estate market!

Even though the real estate sector is yet to gain adequate momentum, based only on a mild pick up in sales, a few developers have hiked rates.

Discounts, which had become commonplace and were substantial when sales were at their nadir, are now being withdrawn.

Will these attempts by developers to create an illusion of high demand succeed, or will they have an adverse impact on the nascent recovery?
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