Nothing hurts Indian real estate more than their inability to connect with the consumers and showcase them was is their legal right. The seeds of lack of trust in the minds of the buyers are sown at the time of booking itself as the developers do not find it necessary to showcase approvals, even when asked to, and it continues throughout the construction lifecycle.
There is a general apprehension that because of large-scale discretionary concessions given by the planning authority to almost each and every project, it may eventually compromise with the essential requirements once the new DP relaxes the norms. They suggest the DP must ensure that the BMC (Brihan Mumbai Municipal Corporation) should not grant approvals to projects which are devoid of recreational areas, open spaces and fire safety.
News Point: Ivanhoé Cambridge to allocate an initial US$250m. PEL…
Bottom Line: The Indian property market has always been quite…
Bottom Line: Can the expected budget bonanza compensate the demonetisation…
Bottom Line: The rate cut ahead of Union Budget 2017-18…
News Point: Lodha Group announces an initial investment corpus of…
Bottom Line: The understanding of best practices is very archaic…
News Point: Some of the hard hitting judicial verdict of…
Bottom Line: Brotin Banerjee, MD & CEO of Tata Housing…