Some reactions from the Industry Leaders.
Mr.Vishwa Prathap Desu,Sr.Vice President,sales & Marketing,Brigade Enterprises ;
The proposed increase in guidance value of upto 20% will impact the
end price for customers.The markets have been slowly looking up and
this comes as a dampener.This move may affect the sentiment . We hope government reconsiders this decision to increase the guidance Value.
Mr.Darshan Govindarju,Director,Vaishnavi Group.
The proposal to increase the guideline values in Bengaluru is "Ill Timed"
and is quite likely to have a direct impact on a market which is otherwise
showing positive growth. It may well turn out to be dampener for the Bengaluru
residential real estate in general.
Mr.Preenand Premachandran-CEO,Hebron Properties.
Guidance value brings more sanity in the property values.The fact that the
government is raising the guidance value shows that the real estate market is
picking up now.
Mr.Suresh Hari,Treasurer,CREDAI Karnataka.
Guidance rate increase is very regressive step.Stamp duty should be
minimum and in line with the value of service rendered & the cost per
unit to a buyer will increase.