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New circumstances makes rise of new property prices

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More expansion and better margin of profit has made more number of investor to bet on the realty infrastructure across the country. According to a recent research on behalf of www.propertykhazana.com above 50 percent of the total realty stock has attracted investors as compared to 22 percent earlier in 2009. It is a steep rise in the interest of investors both of local and overseas from last couple of financial quarters. In return this over size realty investment circumstance is also making Indian realty larger than the budget for many home buyers. In other words the present scenario of the India realty depicts a capital driven image rather than a consumption driven outlook. Also there is a mix reviews about the recent draft of realty regulatory act around the realty circuit where major infect almost all the developers are not at all interested to follow the prorogued rules and regulations for their future projects as many are regarded as un – logical with no sense of realty action for the better atmosphere of the business. Apart from its transparency point the bill is totally a misconduct to encourage the corruption with in the concern government department as stated by many top leaders of the realty industry.
But on the there is sigh of relax after the strict orders of the government as many scams related to the property dealings has made headlines of the dailies in recent times. According to the consumer forum it is better to put such barriers in front of the developers so that the consumers could buy their dreamy home space without a second thought in their mind. According to the bill no builders are allowed to advertise or collect advance for their proposed site until and unless it is registered at the concerned government authority. A norm of penalty is also liable in the case of the defaulters both financially and imprisonment.
Source: NIMMA BENGALURU

Property Listings

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