The Real estate market headed for correction of Ahmedabad in the near future? Ask the real estate developers and consultants, and most of them deny that possibility.

At most, they recognize that the market is stagnant.

However, newspaper advertisements indicate that investor are now the mode of production and seems eager to sell at prices below market rates. On the other hand, developers have also begun to offer gifts to attract end users.

The real estate market in the city has been slow for about eight months now, and no significant agreement of the earth took place, except in the village of Thol. The reason for this downward trend could be on the stock markets, high land prices and liquidity for investors.

Estate agents have started to receive calls from investors eager to sell and are offering even lower rates. “Investors are offering properties at reduced prices,” said one agent, who declined to be identified.

He said that the market in South Bopal area, for example, is quoted somewhere between Rs2, 800 and Rs3, 300, per square feet by developers, based on location and facilities available. But investors are citing RS2, 700 per square feet and are ready to come down to even at Rs2, 500.”South Bopal is not the only area where investors are exiting. They sell off the property and in Prahladnagar other developed regions as well, “said agent.

In areas Prahladnagar and satellite quotes from developers Rs4, 000 and Rs5, 100 per square feet respectively, but investors are willing to sell for about RS3 and RS4 500, 500 per square foot, he said.

In Vasna area, investors are ready to leave at Rs2, 200 per square feet, while the realtor’s price is around Rs2, 650 per square feet, sources said.

In addition, developers have begun to offer gifts to customers. Leading corporate houses of Gujarat, who recently proposed based in Ahmedabad, offers a similar component of mortgage interest up to the possession of the house. The company has made a major deal real estate finance company.

The gifts offered by developers include semi-modular kitchen, furniture and motorcycles, as well as surprise gifts. “Developers prefer to give gifts instead of cutting rates to attract customers,” said one banker.

Experts say that when the correction is due to leave early for investors who want to open their values. “Investors strike real estate deals at rates lower than retail, so they can afford to sell at a lower level,” said sources market. The experts also say that the repair waiting to happen in the real estate market Ahmedabad. They also apply to fluctuations in the real estate market in the stock market. “If you drive the Nifty below 5000 mark, the real estate sector to respond to negative emotions,” said developer. Moreover, increasing mortgage interest rates have a negative impact on potential home-buyers, market sources said.