Property price falls attract buyers

In the past few months most cities across India have seen falls of on average 25% on the asking prices of new property stock.
L J Hooker Project Marketing has seen clients in all cities dropping prices by these margins and says that the strategy is working.
“We are seeing renewed interest in Projects and bookings starting to flow again as buyers get comfortable with the current pricing structures” says CEO, Alexander Moore.
“Sellers who do not meet the markets price expectations do so at their peril” he says.
Mr Moore confirmed that a number of developers were planning imminent releases of projects with reasonable pre launch enquiry.
Bangalore’s largest landowner, The Century Group has recently completed their model display villa just beyond the Hebal flyover for their ambitious WinterSun project at Yelahanka, and Mr Moore confirms that the launch will be done over the next few weeks.
“We have a commitment to go to or VIP data base for a pre launch then we will open the project to the public at an official launch as soon as the pre launch bookings are completed”
Other projects slated for release that were confirmed by Mr Moore included the huge Golf Village at Mysore, where villa’s are expected to be released from only 40L or so confirming that there really are some great buys coming into the market.
These villas are located on a championship 18 hole golf course with none other than India’s No 1 golfer, Jeev Milka Singh as the project brand ambassador and spokesman.
Construction of the course has already begun.