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Should I negotiate property price with developer?- Property hotline
Posted
December 5, 2016
Views
281
December 5, 2016
281
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3:24Now PlayingExpert: Jayashree Kurup, Head of Content & Research at Magicbricks.com.
Question: I have purchased a Property in Marathon Nextown at Shilphata Road at Rs 40 lakh at the rate of Rs 5,241 per sq. ft. in September 2016. I am yet to get an agreement done. Is this the right price for this property and should I consider negotiating again due to demonetisation? If yes, how should I propose the negotiation to developer?
Answer: You have bought the property in the right value. Basically you have not over paid. On Shilphata road 1 BHK sized 666 - 695 sq. ft. is available within Rs 37- Rs 42 lakh. Average prices in this market ranges between Rs 5000 – Rs 6000 per sq. ft. Marathon Nextown is offering 1BHK for Rs 33 – Rs 55 lakh. This locality has good connectivity. You can try to negotiate with the builder. But the prices have not come down post demonetisation.
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