Can meat & eggs offered to God resolve realty crisis? Well, the real estate community in Coimbatore thinks so. More than 1000 members of the real estate sector, including key promoters, sought diving intervention on Wednesday, Sep 5, to bail them out of the crisis they were in, caused by decreasing demand and prices.
Some developers believe in the age when everybody is constantly looking forward to upgrade, luxury residences should not be seen just in the premium super category. As a matter of fact, Purvankara has successfully initiated the concept of luxury affordable as well. According to him there is no dearth of buyers; rather the challenge is for the developers to execute a luxe living.
In view of the farmers agitation in Greater Noida, the surface transport ministry is learnt to have taken a u-turn from its earlier stand of facilitating land acquisition for both infrastructure development and real estate projects.
Nearly four years back when the real estate market was at its peak all the developers tried to diversify into other greener pastures.