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Realty Prices in Haryana swifts up

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Claimed sources to www.propertykhazana.com says that the ambitious development of Reliance’s 25,000 acres SEZ venture in Haryana is probably to effect the property prices hurtle in nearby localities. As its declaration, property prices in some marginal places in and around Jhajjar have observed a big increase. Property acquirement by company chief, State Govt. has forced a least floor price of Rs. 22 Lakhs per acre which was for 7-8 times of present market rate of Rs. 3 Lakhs. As a result, this has lead to the admiration in property prices in adjacent districts like Rohtak, Jind and Rewari where property rates in previous 1 year have bounced 6 times over to about Rs. 15 Lakhs per acre. Parsvnath CMD Pradeep Jain speaking to the www.propertykhazana.com said that, Land developers who have the idea to expand SEZ ventures will have to shift with property buying.
According to the sources available with www.propertykhazana.com, this is a sufficient demand to uphold the land explosion mainly in Haryana, where a huge number of investors are in queue to invest on properties. In contrast to the faith, an officer of Rewari Development Authority told regarding a collapse in property prices in Rewari which was all because of centre’s notice. And this has created troubles in property acquirement of Jhajjar SEZ and the LP might observe a drop by 40-50%. But still there is some probability for realty rates to experience a correction and land developers will surely approach and construction is in jump to take place in these areas at practical rates.
Source: NIMMA BENGALURU

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