Society & Culture & Entertainment Society & Culture Misc

Changing scenario of real estate industry

Real estate industry booming with all sort of opportunity and ever increasing demands likewise from corporation, businesses and residential purpose. With time the trends have underwent changes and the sector is growing in and arond the Delhi NCR as already the existing of free land in Delhi is actually a myth.

Evaluation pros and cons in fact the businesses as well as residential colonies are being established in the vicinity of Delhi. The prices of the land is soring high and are at time the grown exponentially.

This unpredictable price rise of the land by the owners who have initially sold the same piece at lower rate but with time and support of the political set up are again trying to gather more and more benefit from their land.

This scenario have reulted in the hefty loss to the real estate businesses who are operating in the hit areas of Delhi- NCR.

In fact this have resulted into the enormous delay in the delivery of the product by the developers in fact in this line lies many of the renowned and not so renowed developer and construction companies.

Worse consequences of the event lies in the total cancellation of the project abruptly, which have impacted the consumer the most as the hard earned money is involved based on the present need.

Initially people were finding the construction linked plan better as the payment made in parts as per the construction so initial outflow of money, was with in the reach of many.

Still the money is blocked and not able to utilize the services for whivh the investment was made as per the calculation of the individual. Many a times the difficulty of the individual worsen when they opt of any means of financing for convinence. Here in the financial burden of the individual have risen along with the expenses on the house rents as the sole purpose was for shift to the location at the earliest. These type of individuals are doubled taxed : with financial burden, expenses on housing.

The major concern of the long blockage have reduce the lucrativity of this means as an investment tool as well as people are switching to buy constructed flats as the possession time certanity exist in such case. In case such a situationremain for longer the real estate will be under financia crunch espoecially small and medium level developers facing the maximum negative impact of the situation.

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