Higher construction costs? again? None is aware as to why the property prices are hitting sky high!
Recently, the Maharashtra government has called of for revision of Development Control Regulations (DCR) to increase transparency in real estate transactions.
So, all the home buyers especially in Mumbai get, set and ready to shell out more money when purchasing your dream home.
Despite of falling realty sales, realty majors like Oberoi Realty have hiked prices by 11 percent at its Goregaon project in Mumbai.
Due to liquidity concerns, cash crunch issues and sluggish sales; properties costing crores are kept unsold!
However, the developers who are struggling hard to push the constructions will again be forced to hike the prices intern burdening the property buyers.
Source: First Post
Image: moomsabuy / FreeDigitalPhotos.net
Tags: Burdening the property buyers, Cash crunch issues, Developers, Development Control Regulations (DCR), Falling realty sales, Goregaon project in Mumbai, Higher construction costs, home buyers, Liquidity concerns, Maharashtra government, Mumbai, No midnight drives to demolish unauthorized constructions, Oberoi Realty, Properties costing crores, Property Prices, Property prices hitting sky high, Real estate transactions, Realty major Oberoi, Transparency in real estate, Unsold properties
