It was great start in the month of July this year 2014 in
real estate sector of Noida , in later period the market of real estate
accelerated in August and continued till second week of September but a sharp
decline in bookings came after first week of September. This kinds of sharp decline in the bookings of new
project is not at all unexpected event in this field of real estate sector. The
investors are now eagerly waiting for festive offers. This kinds of slow will
continue for coming few days and after that the market would gain its real
status back. Considering this aspects many big brands of real estate sectors
like Amrapali , gaur , Earth Infrastructure , JM Group , Panchsheel Group etc
are planning to bring some attractive offers to woo the clients in real estate sectors.
In the following lines we are going to discuss about the causes of truce in the
real estate market.
As we discussed in above lines that many of the big brands
in the field of real estate sectors are planning to give bonanza offers. This
can be considered as major cause of slow down of bookings in real estate
sectors. Apart from this cause we should also mention about some of ritual
which also affects the booking of new projects of Noida and Gurgaon. Before
discussing the causes of decline of fresh booking , it is better to some of the
major points which are boosting the new bookings. JM Florence is a project
which is completely independent from these above objective points because of
its Lavish Structure and great location. Now we are going to discuss the causes
of decline of bookings.
As we have discussed two major factors of decline of real
estate market. The first is related to festive offers and other one is related
to Hindu rituals. As we all know about India is the land of festival but some
of us know about the rituals which hampers the real estate market. This ritual
is known as shardha . In some part of the India it is also known as Pirti
Paksh. During this period the mythological text of Hindu direct that not to
start new venture. This is period to give pious homage to the ancestors. It is
mentioned in the Hindu text that if you pray your ancestors then you will get all-round prosperity. This is facts during this period of
15 days people don’t do any new things or any new investment. Immediately after
that the festive offers come and then the market automatically gets back its
position with new spirit.
Considering this fact many big real estate companies are
planning to give great bonanza festive offers. In the following lines it is
important to mention that some big companies are giving offer SUVs. While the
projects of Noida Extension are coming up with fully furnished accommodation. If
we talk about Gurgoan then some companies are offering the holiday packages for
different holiday destination of the world.
So, from the above discussion we can easily get that how the
real estate companies are giving big offers to meet their target during festive
season. Now the million dollar question comes into existence that how these
companies are able to manage such a big offers then the very answer is that
these companies are reducing their profits and compensating it by selling more
numbers of units during festive seasons. So, don’t wait , go and grab the
opportunity and book your dream homes in Noida and Gurgaon. In this way this is
also the great opportunity of investment for greater profit for short period of
time.
