the rates have been dwindled purposely by the builders in order to lure back customers into buying. But as per the report of the research firm Jones Lang LaSalle 山西千年古村落

Real-Estate As far as real estate is concerned, the ball no longer seems to be in court of the developers. Earlier it were they who were devouring on the hard-earned money of the buyers and making most out of every single deal. Some of them even succeeded in bamboozling the customers; did fake or double deals; developed constructions on unauthorized lands; and even extorted more money out of them on one pretext or the other. But now, the situation appears to have taken a turn. The authorities have geared themselves to tighten the noose over these developers and builders. In case of realty market in Hyderabad at least, it is proving right. Let’s see how. With the Revenue Recovery Act brought into execution, the builders who have defaulted in paying for their assets are getting sleepless nights. With this, the real estate in Hyderabad is expected to become more transparent. With the revoking of BOCW Act, the developers who haven’t paid their labor cess in spite of repeated warnings, shall have to bear the brunt now. Strict actions shall be taken against them. If the figures are to be believed, realtors along with several infrastructural companies are still under the obligation to pay Rs 2000 crore. Such offenders would have to pay the sum or they won’t get back their mortgaged properties back. But this is not only how they are getting what they have been sowing in past. The realtors are finding it hard to find buyers for their properties. The apartments in Hyderabad, till now, have not aped what the flats in other part of the country are facing: extortionate prices. As the sales in the city are hitting rock bottom, the realtors have now lowered the rates by 20-30%. The prices were already not at par with other cities; with this drip, they have down-slided even more. Though it is a good time for a buyer to negotiate, the real estate in the city is lagging behind in terms of competency. While the construction costs seeing an elevation of 30%, prices have not been raised accordingly. As mentioned earlier, in some of the localities, the rates have been dwindled purposely by the builders in order to lure back customers into buying. But as per the report of the research firm Jones Lang LaSalle, Hyderabad shall revive itself out of poor real estate development. But that will take another 4-5 years to gain stability. May be the developers have learned their lesson the hard way, but they seem to have learned at least. About the Author: 相关的主题文章: