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Realty house are no more attracted to Gurgaon projects

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It’s shocking but true that most of realty houses in Gurgaon have denied for further continuation of the projects at the emerging city. “Leading realty house like DLF and BPTP has almost put an end to their files of District and Town Planning of Gurgaon projects” as stated by a senior official. According to the source of www.propertykhazana.com around 52 cancellations has been made just from the Gurgaon area among the 72 cancelations done at the entire state in last couple of months.
“Normally developers have to apply for their license at DTCP for certain projects and have to pay the license fee for it and once the license is cleared they are liable to pay a charge for the external development” as stated by Town planner. As per the source of www.propertykhazana.com, a steep rise in cancellation of the projects by new and leading has become an alarming situation for the vertical growth of the city.
MD of real estate consultants C B Richards Ellis - has said at the www.propertykhazana.com that “it was notional to have a price drop in realty which flayed to abnormal heights. Now the rates have come to a level of mass affordability”. He also further adds that, property rates have come down to at least 30 percent in recent break of realty. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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