Prediction of going property prices high by 10 to 13 percent!
Will there be a pinch for property buyers pocket?
Here again! The real estate experts have expressed concerns about the property prices to be increased by 10 to 30 per cent rise in property prices by 2012 and 2013.
It does not end here, along with the property prices increasing, many of the apartment projects will tentatively be delayed!
The price hike will burden the property buyers and for the people who have already booked flats probably they have wait a year long due to delay in construction.
The National Real Estate Development Council (NAREDCO) experts say that the Reserve Bank of India (RBI) has put up a notification to exclude stamp duty and registration charges while banks calculate the value of a property.
This clearly states that any hike in property prices from now onwards the banks will not lend for these charges wherein the property buyers will have to arrange money all by themselves for payment of these charges.
Source: The Hindu
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