Is RERA bringing in price surge of realty items? State government’s RERA rules will bring back clarity in real estate business, but it will serve inflation in the cost of real estate units for the builders, which eventually will be landed up in the buyers’ estimation. Developers will have no other choice than passing this excess cost inside the buyers’ kitty.
In Maharashtra just after a day of RERA rules revelation by the state government, speculations are doing round regarding the after-effects of the regulations. The news comes from the Maharashtra Credai Chapter is already the registration charges have been increased by 10 times, which will again be merged with various clearance and title charges such as- title and environment clearances, sanctions and land title etc.
Asking on the same MD of Somani Realtors Mr. Mahesh Somani said, ‘’ Since Kolkata will yet to witness the market change post RERA, it’s predicted that constructions will cost more for the builders, which for sure they will direct toward the buyers to meet the expenses.”
On the other hand consumers’ rebuttal highlights that they are ready to pay more money so that they won’t have to face any unpleasant confrontations with the developers such as- postponement of property possession, frequent change in plans, poor quality supply materials etc. The only interest of the buyers is successful rolling out of RERA, so that they are provided the exact offerings what they are paying for.
Currently major cities are dealing in on-hand inventories, which results shortage in new launch. Though the numbers of inventories is decreasing gradually, yet, the market requires speedy cool. Only the Mumbai-Pune belt is coming up with new constructions, undeterred by on-hand inventories.
- Somani Realtors News Network. Associate with us for buying/selling property across the country. Put your requirement under
post your property requirement in Kolkata to avail the best property purchase solution from Somani property experts.