CHANDIGARH: Punjab is trying to revive the real estate sector in the state by going in for realistic pricing in government projects.
The housing and urban development department has begun work on a plan
to rationalize the rates of properties in the state, which are believed
to be a put off for prospective buyers.
The realty sector has been hoping to get a boost from the new government. Sources said following the recent meeting convened by Chief Minister Capt Amarinder Singh with officials of the Punjab Urban Development Authority (PUDA), a roadmap is being finalised to remove disparities in pricing of domestic and commercial projects in the state.
"At some places, there is huge difference in prices even within a radius of 5 km. If the government projects undertake some course correction, it will have an impact on the overall real estate scenario in the state. In the past, the development authorities only revised prices after getting repeated poor response at auctions," said an official.
http://timesofindia.indiatimes.com/city/chandigarh/punjab-works-on-roadmap-to-rationalize-realty-rates/articleshow/58541738.cms
The realty sector has been hoping to get a boost from the new government. Sources said following the recent meeting convened by Chief Minister Capt Amarinder Singh with officials of the Punjab Urban Development Authority (PUDA), a roadmap is being finalised to remove disparities in pricing of domestic and commercial projects in the state.
"At some places, there is huge difference in prices even within a radius of 5 km. If the government projects undertake some course correction, it will have an impact on the overall real estate scenario in the state. In the past, the development authorities only revised prices after getting repeated poor response at auctions," said an official.
http://timesofindia.indiatimes.com/city/chandigarh/punjab-works-on-roadmap-to-rationalize-realty-rates/articleshow/58541738.cms
