Cell phone tower hits property market!
While we cherish with mobile and technology, but having a tower on the property can make you suffer, in case of both sales and rental.
This subject is slowly gaining prominence across the country and there seems to be a gradual awakening to this problem.
Most resident welfare associations are not giving permission to install these towers in their colony anymore.
The cost of buildings with the tower is relatively less, while other buildings in the ambit get affected as the rates are dropped by 10-20%, said LK Thakkar, a Defense Colony-based property dealer.
Areas like South and West Delhi, where there is a high concentration of mobile towers, are worst affected.
To read more real estate news:
Residents demand cease of mobile towers in Noida
Three cell towers atop building stands illegal
Source: The Times of India
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[...] Cell phone tower hits property market! [...]
[...] Cell phone tower hits property market! [...]