Welcome, Guest    
 
Login  Contact Us RSS Feeds
ANITECH FOUNDATIONS
Home
  Add Property                
Register Free to find a Perfect life partner In AnytimeMatrimony | Equated Monthly Installment(EMI) Calculator | Stamp Duty Calculator | Area Conversion Calculator | Know answer for your Taxation query | Ask Legal Advice @ Free of cost | Vaastu Tips
FAQ Sitemap
 
Newsletter Signup
Subscribe for our property news letter



 
 
News Search
Type a keyword to search.



[OR]

Select a city to search property news.


 
 
News Archieves
September 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
September 2008
June 2008
February 2008
January 2008
December 2007
November 2007
 
 
External Links
 ICICI Home Loans
 LIC Housing
 HDFC Home Loans
 SBI Home Loans
 Axis Bank Home Loans
 Tamilnadu Govt Links
adProperty News

     
 
Polls add to the real estate burn up
Source : The Hindu Property Plus Published On : 2009-03-07 City : Hyderabad

Elections appear to singe construction industry further, says T. LALITH SINGH

While summer heat has the mercury climbing up steadily and the announcement of election schedule has added political heat to it, the real estate has just gone cold. If the global recession has left the construction industry badly scorched, the elections appear to singe it further.

In the last few months, the situation appeared inevitable as real estate after a good run started sliding in the aftermath of changing scenarios. The saner voices on ‘unscientific and irrational’ rise in the land and apartment costs were ignored and the crash when it came, landed with a big thud. It was not either plots or built-up area costs alone, but even the construction material costs from steel to cement kept their skyward movement compounding the unease. The recession effects have forced the industry to apply brakes and made quite a few of them sit back to reminiscence about the good run they had and now the elections are sure to add to the slowdown. Several in the industry agree that election times bring in a certain uncertainty in property dealings as the hope of prices tumbling down drastically gain currency. It is also observed that quite a bit of money that has been with the real estate is pulled back by investors-politicians to meet their election campaign needs.

As a builder concedes, most in the industry will be looking forward to the polls too with certain interest and assessing how the election outcome could affect the industry prospects in coming days. “There will be possible changes in policies that could have some influence on the real estate prospects and it does make us keep our new plans on hold till the elections are over,” he says. As of now, interest for property acquisition has dipped drastically among the buyers. And some builders point out the interest might not get revived till the elections are over and also the recession and its after effects are erased from the memory.

After zooming high, the prices have started stabilizing and there is a drop in most of the hot property destinations, but a strong anticipation among interested buyers is that the prices will crumble further down in the wake of elections, he agrees.

    Back
 
     

 

More on Anytimeproperty
 
City Based Properties
 
Useful Tools Property News Search Property Calculators Others
© 2017 Any Time Property All Rights Reserved. Home | About Us | Advertise | Testimonials | Help & Support | Contact Us | Careers | FAQ | Feedback | Sitemap
Privacy Policy | Terms and Conditions Developed by Snick Technologies