Cost of new projects to go up by 20% in Gujarat

rawan239

2 years ago

State governments order to immediatelydouble jantri rateswill impact upcoming projects the most, say realty experts.

Amount of paid FSI and NA premium will be doubled which will raise a question on the viability of

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a project. On the other hand, redevelopment deals of various societies will also be put on hold due to non-viability following increase in FSI rates. Experts believe the new projects will be costlier by 20% while the commercial segment will be hit the most.

Increase injantri rateswill affect redevelopment projects as well. Double jantri will make redevelopment agreement cost double for builders which is 5% of jantri rates.