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In view of the present situation, it is widely agreed that what Indian real estate requires at the moment is innovative thinking and strategic planning. The sector had survived the worst, as a result of weakening economy, piling up inventory, high input costs and less consumer interest.
However, there are signs of improvement, but urgent implementation of effective measurements is vital. With improvement in realty sector, the Indian economy itself would be witnessing changes.
A project needs approvals from various organizations to commence work, irregularities in project approvals might consume a lot of time, resulting in delays and further increase in the property cost.
So, will a regulatory body be able to take care of the situation? Yes, it could to a very great extent, observe industry experts.
Right now, there are several organizations at the state and national level from whom approvals are mandatory, instead of that if there is a central organization, then things automatically becomes easy for the developers as well as buyers.
There would not be unnecessary delays, additional costs and the end-users don’t have to be at the receiving end of all these irregularities.
In a nutshell, there is an urgent need for a regulatory community for Indian real estate to function effectively.
It is responsible for Indian Governing body to take initiative on framing a best real estate business system that would create reliable environment for builders and potential home buyers.
However, there are signs of improvement, but urgent implementation of effective measurements is vital. With improvement in realty sector, the Indian economy itself would be witnessing changes.
A project needs approvals from various organizations to commence work, irregularities in project approvals might consume a lot of time, resulting in delays and further increase in the property cost.
So, will a regulatory body be able to take care of the situation? Yes, it could to a very great extent, observe industry experts.
Right now, there are several organizations at the state and national level from whom approvals are mandatory, instead of that if there is a central organization, then things automatically becomes easy for the developers as well as buyers.
There would not be unnecessary delays, additional costs and the end-users don’t have to be at the receiving end of all these irregularities.
In a nutshell, there is an urgent need for a regulatory community for Indian real estate to function effectively.
It is responsible for Indian Governing body to take initiative on framing a best real estate business system that would create reliable environment for builders and potential home buyers.
For more updates news on Indian real estate business go through Sovereign Developers Reviews blogs.
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