Stagnation - Slowdown:With the property market stagnating in many areas and a negative sentiment developing among buyers, developers are willing to re-visit valuations and construction commitments to make them more reasonable.
Realistic Valuations:From much exuberance to a lull, there has been the shift in mood in the real estate sector for the past 4- 6 months. But private equity funds targeted at property have reason to cheer. This is because deals have become easier to come by. Developers have accepted that they need to be open to more realistic valuations.
No Deal to Deals!:Shravan Gupta, VC and MD, Emaar MGF Land said that they were not able to do deals the previous year because developers were too greedy and there was so much happening in the sector, but now he thinks there is sanity so deals would happen.
Funds!:Moreover, industry watchers say developers, in an effort to keep the market afloat, are constraining supply by holding back new project launches. This is also due to the lack of sufficient funds for execution.
Moneycontrol India : Developers doing realty revaluation?
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