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Lower Realty rates showing the Signs of Recovery

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A quick look at the ready made rates which is brought by the revenue department on December 31 shows that the real estate segment is booming and is doing well from the recession in the year 2008. According to the sources at www.propertykhazana.com, they did not have any guidelines in the year 2008. However, the conditions are improving and with the announcement of the prices, everything is sure to fall in place”.
There has been a great trend in the real estate prices in 2008. Due to the sudden fall in the deals in the real estate segment, the entire nation suffered. According to the website www.propertykhazana.com, the progress was very marginal. Hence as a result, the figure came down to INR 500 Crores and in the current fiscal year we would like to add on to the stamp duty.
The rate regarding the industry has increased from approx INR 4.31 Lakhs to INR 4.75 Lakhs. The price of the industrial areas has been increased from approx INR 3.45 Lakhs to INR 3.90 Lakhs, and for residential areas, there has been a sea change from approx INR 2.43 Lakhs to INR 3 Lakhs. However, on Peddar Road, the industrial segment has increased from approx INR 3.66 Lakhs to INR 4.19 Lakhs. Furthermore, the residential areas have increased from approx INR 3.66 Lakhs to INR 4.19 Lakhs. Cumbala Hill, which is the prominent area in Mumbai, the rate of commercial area is approx INR 3.88 Lakhs and now it is approx 4.46 Lakhs. On the areas near sea like the Nepean Sea Road the commercial complexes has the price increased from approx INR 4.16 Lakhs to INR 4.79 Lakhs and the residential areas, it has gone from approx INR 4.16 Lakhs to INR 4.79Lakhs. For such amazing updates, please logon to www.propertykhazana.com.
Source: NBTVLIVE

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