Realtors not to pass the burden on to homebuyers
Realty developers with projects along Yamuna Expressway say that they will not raise any new demand from homebuyers in the wake of YEIDA’s decision to charge an additional amount
While the dominant real estate player on Yamuna Expressway Jaiprakash Associates Limited refused to comment on the decision of Yamuna Expressway Industrial Development Authority to pay 64.7% hiked compensation to the farmers and recover the amount from all the allottees, other developers in the area and real estate experts are of the view it’s a setback to the property market in the region.
Says Vikas Raj Shar ma, Joint MD, Comic Group, “We have decided not to charge the additional amount from the buyers for now as that will lead to a sudden fall in sentiment among future buyers and investors. We will first look into how much