Daily we get to hear about the property deals made in the real estate sector of the country. Some deals are too high and some crashes down the dreams and expectations of the experts and the common man. The buyer and the seller, both have to be very cautious at the time of buying or selling the property. The developments and the new trends in the real estate sector have made a lot of changes in the pricing of the properties. The property dealers and the builders are also finding it difficult to understand the current ups and downs and how to satisfy the demands and expectations of the target audience.
The deals happening in the Khar housing society of Mumbai, is surely raising the expectations of the common man as well as the builders. In the old Khar society of Mumbai, 1BHK flats have been sold for 4- 4.5 Crore, which is invariably high. These flats are said to be purchased by Parinee Developers, a Mumbai builder, who is planning to build a hi- tech residential tower. He has planned to buy 37 flats for Rs. 200 Crore, containing both 1 BHK and 2 BHK flats. According to the experts, this step can create baseless hype in the price expectations of the properties nearby the Khar society.
Mumbai is already said to be the costliest market, when it comes to real estate. And steps like these can end up making the property dealers and the common man greedy. The industry needs to understand that this step is taken by just one builder to reconstruct the whole society again. This step, surely cannot affect the whole real estate industry and both the buyers and the sellers should not let their expectations exceed.
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