The highly rated online property portal of the Economic Times ‘ET Realty.com’ published an article on Friday, 4 December 2015 titled ‘Festive Sales Add Spark to Realty Stocks’. The publication talked about the benefit the festive season provided to the Indian real estate market, and was published in the Delhi, Mumbai and Bengaluru issues. The article also covered Finlace Consulting and incorporated the views of its Director Mr. Pawan Jasuja along with other veterans in the realty arena. The article mentions how in the last three months, owing to the several festive discounts, the real estate market has seen signs of revival, especially in the affordable housing segment. This has brought renewed hopes for the builders, who had been experiencing a slowdown over the last few years. Diwali and Dussehra discounts helped the affordable segment witness 10-15% rise in sales.
Finlace Director Pawan Jasuja commented on the matter saying that the months of October and November have seen a rise of 20% in the sales in comparison to the earlier months. While the shares of the real estate sector are rising up, other experts are of the opinion that the realty sector still needs more improvement to come back to its feet, once again.
Covered at : http://realty.economictimes.indiatimes.com/news/residential/festive-sales-add-spark-to-realty-stocks/50036616