Wednesday, June 18, 2008

Realty Prices will Increase..?

Experts may be saying that inflation won't affect real estate, but logical reasoning suggests that rise in commodity prices will force real estate developers to raise prices in some way or the other. Since, the operating profits from projects launched after 2005-06 are already low in terms of applied costs and expenditure, a developer has no choice but to escalate his product price.

Recently, the builders association of Bangalore declared to raise property prices all across its projects. Well, this indeed is a formal declaration. Otherwise, most of such moves will be taken without creating any hypes..

What's your take..?

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