12 October 2011
Why Home Purchase is Costlier Today
Property rates have been increasing steadily and people who have bought properties some years back are happy that their investment has doubled or tripled in the following years. As an investment option property is coming up as the best as there is no risk of loss with rates increasing at a fast and regular pace.
According to many developers the procedures of approvals of housing projects is tasking time and hence due to high demand and low supply the buyers have the face the high rates for buying homes. Putting forward the many advantages of properties available and also at various festive offers along with attractive interest rates on home loans the buyer still has to pay a higher amount to go in for purchasing a home. Homes which would cost in lakhs have now moved to crores and with the administrative costs also increasing who is at advantage the buyer or the sellers? or the ones making housing development and housing finance rules!