Several people are keen to buy flats in Noida sector 76 and other flats in Noida but the proposed hike in circle rates in stamp duty hike is forcing people to postpone their decision. Online property sites show that the sale of properties in Noida has gone down drastically after the announcement. Although district administration authority is emphasizing that 95% of registration of properties in Noida would not be affected by the hike but the builders are still worried. Noida is known to offer attractive property prices and room for rent at affordable price and this move could hurt the sales prospects of flats in Noida sector 76 and other flats in Noida.
Hike in circle rate of 15% to 25% will hurt all the real estate players. Builders say that soon people will stop enquiring about buying properties in Noida and they will only enquire about room for rent. As the overall cost of buying Noida sector 76 and other flats in Noida is going up people are more interested to take room for rent. Noida is known to offer affordable dwellings and this news will discourage buyers from making an investment in the city. Experts available on online property sites also predict that this will hugely hamper the sales prospects of the city.
If you too are looking to buy Noida sector 76 and other flats in Noida we will suggest you that you do so quickly after checking the trends on online property sites. The stamp duty hike has still not been implemented and the circle rate hike is also not going to majorly impact the property prices immediately. So if you want to buy properties in Noida then you should do it now without wasting any time so that your cost of acquisition of property is not affected majorly.
Hike in circle rate of 15% to 25% will hurt all the real estate players. Builders say that soon people will stop enquiring about buying properties in Noida and they will only enquire about room for rent. As the overall cost of buying Noida sector 76 and other flats in Noida is going up people are more interested to take room for rent. Noida is known to offer affordable dwellings and this news will discourage buyers from making an investment in the city. Experts available on online property sites also predict that this will hugely hamper the sales prospects of the city.
If you too are looking to buy Noida sector 76 and other flats in Noida we will suggest you that you do so quickly after checking the trends on online property sites. The stamp duty hike has still not been implemented and the circle rate hike is also not going to majorly impact the property prices immediately. So if you want to buy properties in Noida then you should do it now without wasting any time so that your cost of acquisition of property is not affected majorly.
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