Ultimately home buyers are pressurized
Everybody wants their share in Indian realty to do good! On one hand the developer feeds mafia and on the other hand the weaker sections wants their share too!
With the prevalence of dull realty market, interference of all these concerns are ultimately pressuring the home or property buyers.
If we take a look back, during the year 2011 amendments in realty sector has been made several times, resulting in the home buyer suffer from these changes.
It is a notable point that there are very less affordable housing in Mumbai and now these frequently changing norms are making these housing sectors even more costlier.
This week realty prices has witnessed an increase by 20 percent and the FSI premium alone will add on 10 percent hike in the prices again! The builder will not have concern towards accepting the rate hike.
However all it matters only when these unaffordable rates are being pushed to home buyers.
Source: Daily News Analysis
2011, Amendments in realty sector, Changing realty norms, Developer, FSI premium, Home buyer suffer, home buyers, Housing sectors, Indian realty, Mafia, Mumbai, Property Buyers, Rate hike, Realty market, Realty prices, Unaffordable rates
