Real Estate Property is in turbulent mode
No Comments Sub Category:Uncategorized Posted On: Mar 02, 2012
Now a days it can be seen that the commercial properties takes almost 18 to 24 months to complete the construction development. Hence this leads to a over supply in the demand ration for commercial places.If we look at the scenario for residential properties, it seems slightly better in the southern part of India as the presence of Big IT firms impacting on the industry.The overall situation for the real estate industry is not improving to the expected level. And if we search for the cause we will find that the stamp duty and registration is increasing the cost for owning a property by 5% to 7%. Which can be considered as a negitave effect on buying decision for residential properties.
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Source: The Economic Times
Tags:
Apartment price in India, Flat Price in India, Properties in India, Real estate in India, Real Estate Property, Real-estate market
