Realtors apprehensive of land price hike
As the development authorities of Noida, Greater Noida and Yamuna Expressway have raised land rates the realtors remain apprehensive about the impact due to the increase.
RK Arora, CMD, Supertech, stated that increased land costs would impact the group housing sector and the burden would have to be borne by the investors.
Many developers feels that in the backdrop of the unresolved land row and long delays in delivering projects, the real estate sector is in the grip of a slowdown and instances like direct conflicts with farmers in Noida Extension are making the scene more difficult.
Reflecting the slump, Noida has not seen any major launch of a real estate project in past few months.
To read more real estate news:
Noida will go dry, environment experts say
Source: Times of India
CMD, Greater Noida, land costs, Land Row Cases, Noida, Noida Extension, Real estate in India, real estate project, Realtors, Realty News, RK Arora, Supertech, Yamuna Expressway
[...] Realtors apprehensive of land price hike [...]
[...] Realtors apprehensive of land price hike [...]
[...] Realtors apprehensive of land price hike [...]
[...] Realtors apprehensive of land price hike [...]
[...] Realtors apprehensive of land price hike [...]