Residential Projects In Demand Again

Published: April 28, 2009 at 9:01 AM | Author: Administrator
News Source: 21 April 2009 - PropertyBytes.com

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The Promoters and Builders Association Pune (PBAP) said that renewed interest among home buyers and the positive approach of banks and financial institutions towards project financing has once again set the dice rolling for a number of housing projects in Pune. PBAP's newly-elected president Mr. Satish Magar claimed that the organisation's members have seen bookings in new projects rise by at least 20 to 30 per cent since February. "Prices have rationalised and interest rates have also gone down, which has also renewed the buyers' interest. People have realised that the input costs and land costs have no further scope for correction. Citizens who want to buy homes find this the right time to invest," Mr. Magar said.