Affordable and mid-income housing predicted to face downfall!
Real estate experts have predicted a downward pressure to be faced especially in affordable and mid-income housing.
Central bank has sent a notification to exclude stamp duty, documentation charges and registration charges in concern with ascertaining value of the property.
With this kind of notification the property buyers are sure to delay their decision of property buying.
Recent studies revealed that 41 percent under-construction flats costing Rs 20-40 lakh in NCR and 47 percent in Hyderabad and Kolkata have remain unsold.
However, the Reserve Bank of India (RBI)’s guideline will have a substantial impact!
Source: Hindustan Times
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