Real Estate prices expected to rise, due to current risen price in collaterals
By Accommodation Times Bureau
Bangalore, March 10, 2017: Due to recent uprising in steel and metal prices since past few months in Bangalore, the CREDAI stated that there might be rise in prices of real estate sector as well. The steel and metal market has almost witnessed 30% of rise in prices.
According to the CREDAI officials states, the price of the real estate properties currently in low but is expected to rise because of the rise in other collateral materials. It is expected by the officials that the price for other materials like cement and sand might rise by 20% too. Hence, if a home buyer is in thoughts of purchasing a property, investing at present will be a wiser option.
The new RERA Bill which will be imposed from April 2017, which obligates the developers to maintain a distinct records of timely construction will be an add-on to the pricing factor as the additional expenses will be put forward indirectly to the consumers.