PROPERTY PRICES TO GO SOUTH – THANKS TO LAND POOLING

The last few years have seen an unrealistically high rate of spiraling property prices in and around the country, not to mention in the areas of Delhi NCR. The upward revision in property prices was observed since 2013 when the land pooling policy of Delhi Development Authority was notified. The same is expected to see a correction post finalization of the said policy thanks to a slew of factors:         Unrealistically high prices found few buyers         Demonetization seems to have hit the builders hard         Awaiting government’s intervention in building affordable housing…

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