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Home buyers worry as prices likely to increase

1 Comment Sub Category:Gurgaon,Realty News,Residential Real Estate Posted On: Jul 23, 2012

Home buyers in Gurgaon are worried over the high court’s order of ban on issuing fresh licences to builders due to water scarcity in the city.

Home buyers are apprehensive as the order might push the delivery deadlines and cause a hike in real estate projects.

Property prices are likely to go up citing an increase in construction material and labour costs. Since the court has banned issuing new licences to builder, the impact will be felt on buyers on existing projects, said Deepak Gupta.

The price rise and delay in project completion will be an added burden to stay in rented accommodations, said Vineet Setia, a buyer.

Prices of some apartments in Gurgaon have increased over last seven years, and the prices of plots even more said Sonia Vaid, a broker.

To read more real estate news:

Realty slowdown hits MMR

Source: Times of India

One Response to “Home buyers worry as prices likely to increase”

  1. [...] in reality, it has not been so and home prices have continued to rise. In 2011, the price per sq. meter of a 250-sq.m. apartment in New Delhi was [...]

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