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Realty graphs increases in Thane

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As per the sources available to www.propertykhazana.com, in Thane City the hike in mortgage prices and gun firing Realty rates have deal and an extreme breeze to the forthcoming residence purchasers, as the auction of the plots and commercial space has taken into the force from pervious year. In the past 11 months the auction dealings have fallen down to 16,775 units compared to 24,601 units sold or resold in 2010 in the area. The rental contract have revealed an uphill rush with 9,658 housing and commercial lands being leased out this year among 8,785 in 2010. Anand Talwalkar who residing in Kolshet and researching for a house from 6 months said that, “Residents purchasers desire to wait and watch before purchasing the house hoping that the builder will decrease his prices due to the whole slouch in auctions. But still, it is far away from reducing the prices, and most of the builders are sitting stiff as they knew that demand will outshine in supply.”
Sources’ of www.propertykhazana.com also reveals that, the stamp duty and the registration amount was taken from leave and a lease contract which was signed in 2011 was higher than the 2010 one. A stamp duty registration department officer said that, “Past from 11 months the total collected by the hired contracts touched to Rs. 3.18 Lakhs higher than Rs. 2.81 Lakhs which was collected in 2010 under the similar revenue head and the lands were till November 2011 against Rs. 440 Crores pervious year.” Officer of the town planning department said, “The auctions scene looks harsh, with the younger generation who desire to rent a flat for a couple of years rather than purchasing them.”
According to the sources available to www.propertykhazana.com, “speeding up the rate of interest on home loans had covered the standard age of 1st home customers to 35 years, forcing a rising the number of fiscally without helping teenagers in renting apartments,” said an officer. Sandeep Karnavat Office Bearer of Thane unit of MCHI said, “In Thane many people who was acquiring their 1st residence had plunged into the middle age group. The fashion shows that the majority of house purchasers are 32-38 years age group and these couples are settled in their careers and have a joint income of Rs. 1 to 2 Lakhs per month.”
Source: NIMMA BENGALURU

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