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Overpriced Lands are a major issue for Property Buyers

No Comments Sub Category:Uncategorized Posted On: Nov 08, 2011

Midst the raising fuel rates and grocery rates the land prices in India are facing a rapid hike which has lead to the property buyers intuition that the “land is no more affordable”. Property buyers have one question in them that is, “Why are property rates not affordable?”. None has an answer for this question, neither the developers nor the real estate consultants. Also it is a fact that the big shot builders, politicians and the criminal minds are empowering from thousands of lands being sold to common public.

In terms of city it is even more scary that hardly hand full of land is left not constructed, meanwhile the majority has been galloped either for commercial buildings or for road widening works and parking areas. The astonishing fact is that even though there is scarcity of land, the realty prices never even seems to be balancing or reducing. However the high rate of interest are now being a great burden to the unsold properties builders and developers. The common public are the sufferers midst these land price shoot ups.
Source: First Post

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