leading to higher prices of projects and property

Normal 0 MicrosoftInternetExplorer4 st1:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";}                   The uptick has howeverled realty players to increase property prices. Ramnath believes that new properties launched inMumbai, for example, were offered at 10-15 per cent higher property prices asagainst their lows in March 2009 quarter. Moreover, real estate developers   are nowoffering properties without any discount and freebies (such as waiver of stampduty and registration charges of properties).Says Dutt, “Real estate Developersin key cities have been hiking prices to test the flexibility of the real estate   market . At first, this trend was evident only in theluxury and semi-luxury segments, but it has now percolated down to themid-income housing segment as well.” A good example is DLF’s Capital Greensproject in Delhi . DLF increased its prices at Phase II of thisreal estate project to Rs 6,750 per square feet in September 2009, which is ata 30 per cent premium to those in Phase I launched in April 2009.  

Was this helpful? 0 0 Comments

You're reading leading to higher prices of projects and property.