Monday, April 26, 2010

Purchasing apartments in Delhi NCR

Picture of real estate companies in Delhi showcased by diverse forecasting companies may be the worst forecast done during last year 2nd quarter. To master needs one should comply with certain standards lay down by different authorities keeping the check on norms maybe private developers or government developers in real estate have to follow the guidelines for security and infrastructure compatibility. The revenue rate slowdown during the couple of months had raised questions on team forecast analyst who were earlier claiming for increased prices for property in Delhi and NCR. Real estate developers are facing problem or can say that we all are facing problems for Purchase of Land in Delhi and NCR due to projects delay being the major cause of scenario.

Under the recent meeting of constructors and builders, director of “India Infoline Ltd.” said that “we are harassing with the decrease in construction activity leading to business crawling” which is a zero return, less business credibility in coming time. This will also have direct impact on saving of individuals on tax saving as there is provision for saving tax under investment option under income tax in head of profit after tax.
But the whole irresponsibility cannot be put under the shoulders of builders and developers because the reason of the delays is due to cash crush in business, sanctioning of projects and increased rate of interest by banks and financial institutions which caused the execution dismissed.

Project under Gurgoan and Noida had faced the major problem announced by DLF for above Rs. 300 crores of revenue income booked which were pre-sold on first call and now the circumstances are that the investors are looking for re-back of their investments as they are insecure about their future apartments in Delhi and NCR.get details about New projects in noida.

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