Residential Plots for sale in Kengeri, Bangalore at Asian Garden City
“ASIAN GARDEN CITY” BDA Approved project its an essences of villa plot in South Bangalore region. Close to work and every convenience, yet insulated from the city’s bustle, it brings back the charm of the days when a house was truly a place to come home. Lifestyle amenities to add stylish ease to life. Ultra-premium finishes for a touch of class.
Dimensions :- 20X30, 30X40, 30X50, 40X60
Approvals Status :- BDA APPROVED
Registration Status :- Registration Awaited
Children Play Area
Health Club Multi Gym
Indoor Sports Area
The real estate market has almost lost the source of liquidity as developers don’t have money although just a few months back they had several options for funding their projects. The scene has drastically altered from develop- ers being coaxed by many funds and investors to the present situation in which they are now looking out for resources in desperation. As private equity players and other realty funds supported by various investors are staying their investment decisions there has been complete somnolence on the part of banks and other lending agencies. As all indices have fallen it is unimaginable to even think of raising money from the capital market. Realty stocks have taken the largest share of blows.
During the last ten years as real estate was coming up as a new asset class with unparalleled returns everyone wanted a share of this growth. More funds than projects were available just two years ago. From every side money was flowing into real estate. As a result many projects were launched in anticipation. There was a great deal of speculation.
Partial liberalization had opened some extra funding choices for realtors. The last five years were rather meaningful for the market as foreign and domestic funds competed for the booming real estate share in the country. The capital market also gave full support to realty stocks and the majority of realty companies like DLF, Unitech and Omaxe, Parsvnath and Orbit Corporation were listed at great premiums. During the recent months several developers have opted for high cost funds at interest from 25 per cent to 35 per cent. The majority of these loans were raised from open markets to complete projects or sometimes to launch fresh projects. As these projects go forward they will confront the worst problem as high input costs are involved, which will not give builders much room to maneuver.
The player from Saffron Asset Advisor has put forth the need to form a special contingency fund for the realty market to prevent any grave casualty. Experts feel that this kind of step will restore the confidence of the market in a considerable measure. The market lacks trust more than anything else. An overly careful approach has been adopted by the majority of stakeholders which has jinxed the whole process. The government should playa key role in easing the market and relaxing the ECBroute. Pune based Kumar Builders have called for government interven- tion to lift the realty sector out of the stormy waters. They feel it is time some liquidity was injected into the market before the situation goes out of control. An intensive effort was needed as real estate is an intrinsic part of the economy and a slowdown in it would negatively impact the GDP growth that is already slowing down. The supply pipelines of small cities such as Pune are more based on need unlike metros such as Mumbai, Delhi and Bangalore.
Fears exist that if a timely measure is not taken soon the market may go for major corrections in some parts that have excessive supply which will cause a near crash. The upcoming real estate market will be harmed by this and the likelihood of funds from overseas will dry up after two years at the most. Sellers and buyers are not prepared for any serious negotiation but they should come to the table while there is still time. Some optimism too exists. Although speculators are avoiding the market, real buyers may emerge as prices become more realistic soon.
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