Many catalysts to project delays and trust deficit
News point: There are many reasons of project delays and…
News point: There are many reasons of project delays and…
Bottom Line: The New Model Building By-laws (MBBL) promises to…
Finally, there is a ray of hope for the buyers…
Within the built environment of Mumbai real estate there is…
Industry players’ have given mixed reaction on the Union Budget…
The Union Budget 2016-17 only touches upon some pain points…
As the Union Budget 2016-17 draws closer, India’s real estate…
For the last four years everyone within the built environment of Indian real estate, homebuyers included, wanted a real estate regulator but the consensus eluded.
Gaurav Kapoor booked a flat in one of the newly launched projects of Delhi-NCR in early 2007. He was promised the flat would be ready for possession within three years with a grace period of six months. To play safe Gaurav even opted for a construction linked payment plan to the developer but six years have gone and he is yet to get his flat and every time he has approached the developer, various reasons for delay have been cited from macro economic conditions to funding woes and approval delays on part of the government agencies.
Track2Realty Exclusive: The time of transition for the Indian real estate and construction sector has finally arrived. Since last few years, a number of regulations pertaining to the real estate market were put on hold. A number of them are now at the draft stage waiting for Parliament’s approvals.