Business News

Weak sales, stable prices for realty challenging: Moody’s


Rating agency Moody’s said that the slowdown in home sales and price stability in the next 12 months will pose challenges for major real estate companies because these companies’ cash flow and the ability to implement projects will be affected. Moody’s Investors Service to increase sales prices, said the developer, not substitute, but they reduce the size of the apartment and will continue its strategy of offering things for free.

However, the rating agency said strong economic growth will continue to support some of the homes sales, while gradually reducing the interest rates will boost investment activity. Moody’s said in a report on the property market, India’s biggest property developer will continue to face challenges in the next 12 months, the reduction in cash flow, sales, and price stability are stable.

Sales will remain weak due to high prices of houses, which would create the inventory of unsold houses.

About the author

Vinay G

Gaddam vinay KUmar is the senior Content Writer at report9. He mostly writes at Entertainment, technology, trending news and education.

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