POSTED BY ANIL (INDIA) 07 NOV 2010 on www.indiaspaces.com
The prices of Canary residency has not increased substantially in last 2-3 years, it was offered @ Rs 2500 psft in 2008 and today also 2700-2800 only. WHY no substantial increase even after the towers are ready ( in raw state)-- Is there any problem with the project?
Reply by Jeetender Gupta, Indiaspaces.com
prices are being quoted in the range of around 3000 psf now. That is pretty much the resale rates of other projects in vicnity. Toll bridge is a bottleneck, till alternate routes are created. Lastly the developer is not too aggressive in market with newer projects or a big dealer network. If a developer is frequently active in market, it plays an important role for resale market.
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