How Builders in Pune Are Responding to the Ready Reckoner?
Builders in Pune have stated to the concerned authorities that they have no choice but to pass on the higher Ready Reckoner rates to consumers since according to builders, their capacity to absorb higher rates has been saturated. The RR rates were raised in the prime locations in Pune and in the outskirts of the city and their impact upon consumers will be harsh. Ready Reckoner rates were raised by 3.64 percent in the first week of this month. What Consumers Have to Pay? Builders and developers in Pune have stated that they would have to pass on the premium charges as well as the increased development charges to consumers. Furthermore once the compliance costs come into effect after the RERA is implemented its cost will also be passed on to buyers by builders. Experts Corner Real estate insiders and experts employed with the Confederation of real estate Developers Association in the organizations Pune chapter have stated that the overall increase in the RR w...