Looks like the sector is looking towards hitting a home-run
this festive carnival. But the festival season does not bring in the same opportunities to everyone. While speaking to B&E, Atul Mehrotra, Director, UPPAL-S Limited, throws a different light. He says, “There is as such no big jump in demand during the festival season but consumers want the delivery of their property during this part of the year, so it is a busy time for us as we have to complete all our projects.” Nevertheless, the tempo is expected to be high amongst all and sundry. Arvind Khanna, COO, Beekman Helix, explains, “One can see a significant surge in buying activities conduring the coming festival season. The season will be mutually profitable for both customers as well as the developers.” However, developers will be hoping to catch on the decline in sales in the calendar year owing to rising interest rates. So don’t let soaring interest rates dampen your spirits as traditionally even banks have always softened their approach during this time of the year. New financing schemes are introduced. For instance, last year, SBI had offered 25-50 basis points discounts on its loans.
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this festive carnival. But the festival season does not bring in the same opportunities to everyone. While speaking to B&E, Atul Mehrotra, Director, UPPAL-S Limited, throws a different light. He says, “There is as such no big jump in demand during the festival season but consumers want the delivery of their property during this part of the year, so it is a busy time for us as we have to complete all our projects.” Nevertheless, the tempo is expected to be high amongst all and sundry. Arvind Khanna, COO, Beekman Helix, explains, “One can see a significant surge in buying activities conduring the coming festival season. The season will be mutually profitable for both customers as well as the developers.” However, developers will be hoping to catch on the decline in sales in the calendar year owing to rising interest rates. So don’t let soaring interest rates dampen your spirits as traditionally even banks have always softened their approach during this time of the year. New financing schemes are introduced. For instance, last year, SBI had offered 25-50 basis points discounts on its loans.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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