Clear pending Real Estate Regulatory Bill with other administrative reforms, says Ravi Saund.
Credai is the apex body for real estate developers in the country and represents over 9,000 developers through 128 chapters in 20 states
The real estate regulatory bill, when enacted into law, will ensure that home users get timely possession of properties, and as per the specifications promised by developers, say realty firms and consultants.
The Bill will improve buyers' confidence and boost demand for residential real estate.
Gurgaon and Mumbai, the richest cities in Haryana and Maharashtra, respectively, have always been the preferred markets for investors. Most parts of these cities are beyond the reach for those looking for affordable homes.
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The Bill will facilitate setting up real estate regulators.
Participants are keenly waiting for the January IIP.
'Prices are rock, bottom, developers are ready to negotiate and banks are keen to lend.'
Launches of new homes reduced drastically this year.
In commercial real estate, leasing of office space was higher although the activities were subdued in retail segment.
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