Real estate negotiators felt the price adjustment is approx 4 per cent for residential and commercial properties by between 6 and 8.5 per cent once GST kicks in, and expect prices to normalise over the course of a year or so.

What worries them, however, is how the existing system of project approval places continued strain on developers who end up having to spend more money due to the long and full of procedures approval process as this is what contribute to the major escalation in costs

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