Bhopal, April 7 -- Higher collector guideline rates, a recent decision to hike property taxes and water cess, and soaring electricity bills may soon prove to be the proverbial last straw for the already inflated property market in the state capital.
If the current trajectory continues, these heightened levies may soon see the dream of owning a house slip further away for first-time buyers and end users who belong to the middle class.
Experts in the real estate market caution that these are not just momentary price adjustments, but early signs of a deeper shift that could alter the property landscape over the mid to long term.
They argue that as the base rates and new levies get factored into project costs, the market may become too expen...