Thane scored new height in property rates
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Despite of many hindrances like higher rate of interest, rising cost of the raw materials some locations still shows the rise in property dealing across the nation. According to the sources of www.propertykhazana.com the neighboring city of the economic capital – Mumbai is in speedy mode in terms of property rates in this area. From the beginning of last year a whooping rise in property dealings has been observed with many new occupations around the city. It was calculated around 16775 numbers of units that sold in current year. But this volume is bit lower than that of the 24601 in 2010. Coming to the commercial sector and lease agreement the city has recorded around 9658 units as compared to the 8785 units recorded for the last financial year.
Thane is riding the rate ladder both in property rates as well as in the mortgage rates. Realtors of the area is now planning to cut down the growing rates looking to keep the balance of the rising market in Thane for all sort of realty products. Its current high rise has also increase the collection of revenues to Rs 3.18 lakhs against Rs 2.81lakhs for 2010 from various means of registrations and stamp duty.
Source: NIMMA BENGALURU
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