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Thursday 2 June 2016

Nashik Property Affected By Lending Rates

The increase in RR rates was expected the hit the real estate Nashik hard. Builders of Nashik property feared that just like property in India there would be no takers for real estate Nashik. Most of the builders of property in Pathardi Phata and property in Indira Nagar and across the city were expecting that this Gudi Padwa would not yield any good results but they were wrong! Contaraty to their expectation people can out to invest in property in Pathardi Phata and property in Indira Nagar and property across the city. Real estate Nashik saw a sale of 150 flats worth 50 crore.

Several people are looking to invest in property in India and Nashik property but high property rates have made the real estate sector unaffordable. But recently there has been a glimmer of hope as the RBI has reduced the lending rates. This has made the home buying much easier and affordable for the common man. The recent unexpected sale spurt during Gudi Padwa has also been attributed to the lowering of lending rates. Although the builders of Nashik property had also offered lucrative deals but the sales spurt has been mostly been attributed to lowering of lending rates by the RBI.

Real estate Nashik and teir-2 cities are highly affected by lending rates. Most of the stakeholders of real estate Nashik are expecting that the city will see good day in the near future. Builders of Nashik property like property in Pathardi Phata and property in Indira Nagar are also hoping to clear their unsold inventory. Currently there are around 5000 ready to move flats which are lying unsold in real estate Nashik. Real estate experts hope that the upcoming festive season, which starts in ctober,  brings some cheers for both Nashik property as well as property in India.

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