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Wednesday, November 26, 2008

IT, auto sectors’ slowdown has Pune realtors changing tack to attract buyers

Pune Real Estate Slowdown and Property Rates:

A slowdown in demand for houses across India has hit Pune hard, pulling down realty prices by about one-fifth, resulting in builders and developers lavishing discounts and gifts at buyers, mostly the industrial city’s software and auto sector professionals.

Auto sales in India have contracted in three of the last four months from a year ago and tech consultants are predicting slower growth for Indian information technology service providers in the quarters ahead as large businesses in the US and Europe face an economic slowdown and liquidity squeeze.

In reaction, here’s what some Pune developers are doing: To read more, please, visit - livemint.com

Related Stories:

1) Pune builders will not see any cut in home prices

2) Trying hard to stay afloat

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