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India: Property prices likely to rise as Land Bill gets Cabinet nod

Posted on 14 December 2012

The Cabinet approved the Land Acquisition Bill, leaving real estate developers and consultants a little apprehensive on the move. They say this would lead to a hike in property prices in the country.
“It is not a good development for the industry. This will definitely increase land cost and housing prices,” Confederation of Real Estate Developers’ Associations of India (CREDAI) National President Lalit Kumar Jain told PTI. If the Bill gets the Parliament’s nod, developers will also hesitate to go for big projects, he added………………………………………..Full Article: Source


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