{"id":20587,"date":"2013-07-21T11:00:49","date_gmt":"2013-07-21T05:30:49","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=20587"},"modified":"2020-06-15T03:53:42","modified_gmt":"2020-06-14T22:23:42","slug":"20587-sales-in-lucknow-sinks-down-by-50","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/20587-sales-in-lucknow-sinks-down-by-50\/","title":{"rendered":"Sales in Lucknow Sinks down by 50%"},"content":{"rendered":"

\"lucknow\"Lucknow<\/strong>: Lucknow might be a city of rich heritage and culture but it lags in appreciation values. The city’s real estate market is experiencing a trauma with returns on properties sinking down as low as 20 percent. In 2012 the lower return values were evidently low and the picture is continuing this year also. Most of the companies that have invested in the city are in troubled waters as the sales have been declined more than 50 percent.The primary reason is the surplus inventory of projects and fewer buyers. Before 2-3 years, the returns were as high as 40-50 percent which attracted many investors. But now as the return figure was plummeted, investors are backing out. However there are many other reasons such as unaffordable prices for middle and lower middle class, delays in government approvals, awaiting land clearances, farmer protests, fading consumer response because of sluggish economy and greater inventory level than investors that adds to the decrement in sales.One of the executive of a real estate company told that around 60-70 percent of units are investor driven and the rest is bought by the end users. Due to declining return values, major portion of market (investors) is staying aloof from any kind of property investment.The companies of Lucknow can only expect the revival of market after the elections in mid 2014. This might improve the economic stature and instill confidence in the conscience of citizens.\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a>\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Lucknow: Lucknow might be a city of rich heritage and culture but it lags in appreciation values. The city’s real estate market is experiencing a trauma with returns on properties sinking down as low as 20 percent. In 2012 the lower return values were evidently low and the picture is continuing this year also. Most […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-20587","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"\nSales in Lucknow Sinks down by 50% -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/20587-sales-in-lucknow-sinks-down-by-50\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sales in Lucknow Sinks down by 50% -\" \/>\n<meta property=\"og:description\" content=\"Lucknow: Lucknow might be a city of rich heritage and culture but it lags in appreciation values. The city’s real estate market is experiencing a trauma with returns on properties sinking down as low as 20 percent. In 2012 the lower return values were evidently low and the picture is continuing this year also. 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