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Unhappy Diwali for home buyers
Updated On: 17 October, 2009 06:58 AM IST | | Varun Singh
Property rates zoom up to pre-economic slowdown range, making it a Happy Diwali for builders
Property rates zoom up to u00a0pre-economic slowdown range, making it a Happy Diwali for builders
It's good news for builders and bad news for buyers this Diwali. With the increase in real estate sales over the past two months, and especially since Dussehra, property prices have been steadily escalating.
What this means for you is that rates have now almost recovered to the pre-recession era prices, say brokers and builders.
Luxury home: 50%
According to Vijay Khandari of B Khandari Associates, a Bandra-based real estate brokerage firm, in the last one month alone more than 50 flats ranging between Rs 7 crore and Rs 14 crore have been sold in the western suburbs.
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DEAR ESTATE: Prices in prime areas like Carter Road, Bandra, that were at Rs 35,000 per sq ft a month ago have now gone up to Rs 50,000 per sq ft. How do you like the new new mid-day.com experience? Share your feedback and help us improve. Read Next Story Trending StoriesLatest Photos |
