This is what one call as The real reality show.In this the small real estate players are becoming smart survivors.
Despite of Globalisation being regional considered to be potential ones. Regional players are proving that staying local could actually prove to be a blessing.Earlier High property rates led to decline in sales and national developers were forced to freeze projects whereas big players acquired land banks.Lot of space acquired for launch commercial hubs could not be developed because of slowdown in the big IT / ITES sector.
Cash flow was impacted during this recession and reduced speed apart from the high cost of funds to keep the price and quality of construction in place. Builders stick to developing regions and small territory where " price- Value" matrix is definitely more realistic as compared to the metros where the international influence makes any average project a huge investment proposition. In Various regions developers moved to villages where land and price is less and applied a new village- oriented business strategy.
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