Cost of apartments in Mumbai may not reduce
As the rate of service tax and excise duty has been increased in the budget, the property price in India may not reduce in near future.
According to a report, the amendments made by Development Control Regulations (DCR) will increase the project construction costs for builders.
The modified rule have revised the calculation of the floor space index (FSI). That will impact the builders as well as the buyers.
The similar situation may arise in UP also. As the UP housing and development board is planning to increase the cost of plots by 20% in the next financial year.
To discuss more Click Here
Source : Economic Times
Apartments in Mumbai, Budget 2012, cost of plots, Development Control Regulations (DCR), Floor space index (FSI), project construction costs, Property price in India, Property price in mumbai, Real estate in Mumbai, Residential apartments in mumbai, service tax and excise duty, UP housing and development board
