If prices are falling, how would a building developer planning a new apartment complex respond?
Answers
Explanation:
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Answer:
Developers are going through a phase of liquidity crunch. As home sales continue to be sluggish in many parts of the country, they are becoming more open to price negotiations," says Ramesh Nair, managing director (west), Jones Lang LaSalle (JLL) India, a property advisory firm.
"In the current market where there is far more inventory of new properties than buyers, there is room for innovative negotiations with developers. It is important for developers to liquidate inventory," says Samarjit Singh, director, Agni Property, a New Delhi-based real estate brokerage firm.