New Delhi: Property research firm Liases Foras has found in its research that in the June quarter sell of new homes has declined in Pune, Mumbai, Chennai and Delhi NCR. However Bangalore has shown a rising graph in new home sells.In Delhi NCR, Mumbai, Pune and Chennai sell of new homes has decreased by 13%, 12%, 15% and 7% respectively in the January-March period. This has happened in spite of the developers offering many attractive home purchase schemes. Luxury homes are the worst hit segment. Bangalore on the other hand has shown an opposite trend and witnessed a 25% rise in the sale of new homes. The spurt of sales in Bangalore can be in a big way attributed to the NRI demand for new launches in affordable housing and other segments.According to CREDAI chairman Lalit Jain a home loan rate cut in this slow market can raise buyer sentiments and trigger sales.According to Liases Foras data for the April-June period the country has an inventory of 669.95 million sq ft. of unsold homes. Experts say that all these homes will need at least 32 months to be fully sold out. Therefore expectations for a price cut are set on high as most developers are in a financial crunch over the RBI’s tightening of liquidity which will increase borrowing costs and the tapering of funds from buyers. Sunil Rohokale, Managing Director of the ASK Group has said that at present developers will be forced to look for the essential cash flow. Let alone go new projects, they may not have enough funds to cover their loans. So they will soon be forced to decrease property prices.Therefore now hard bargaining buyers can get a good price for their new homes as developers in these cities are very close to the bottom. The price may not be reduced up front but offers like possession linked plans and bank subvention can amount up to quite a discounted price for a house. This can mean a saving of 7-10% for the buyer.Inventory of unsold houses is rising at an alarming rate with Mumbai having 146.10 million sq ft and Delhi NCR having 277.31 million sq ft of unsold properties. There are few developers who can hold on to this load of inventory piling up every day. займ на карту без отказов круглосуточновзять кредит онлайн