[INDIA REAL ESTATE NEWS] Good morning, everyone.|
I’m Shashi kant shukla staff of Kamagroup. Here I have important INDIA REAL ESTATE news to share with you which is as mentioned under.
New Delhi: The Haryana government's proposal to increase circle rates will affect the ongoing and future real estate transactions in Gurgaon and add to
existing inventory of unsold stock, leading developers and experts said.
According to property consultant Anarock, the proposed hike would further dampen end-user and investor sentiment. Both primary and secondary housing
markets will be hurt by the hike. “In recent times, plotted developments have led to growth and builder floors were preferred by the buyer.With the increase in circle rate,
which is more than the market rate, there will be no buyer,” Association of Property Professionals-Delhi NCR president Kshitij Nagpal said.
Read more at https://economictimes.indiatimes.com/wealth/real-estate/developers-against-plan-to-hike-circle-rates-in-gurgaon/articleshow/73095870.cms
Have a nice day.