Latest Answer: Hi Mr Khan,
City Master Plan should only be notified if it has all statutory approvals like change in land use, environment clearance, mining, maximum height from AAI etc so that the developer is able to start the work in minimum possible time. Delays in providing supportive infrastructure and timely approvals by the development authority causes delay in delivery of project, but the Regulatory Bill proposes to penalise only the developer.
Q:There are so many projects coming up and many projects which were already under-construction are delayed. Is there so much demand for housing in India? What about the future of delayed projects..
Latest Answer: Hello everyone, the data from the real estate sector is not being compared and analysed properly by the Indian government and the concerned authorities and that is why this demand-supply imbalance is happening in the realty sector. However, an increase in supply of new residential units later this year is likely to alter the prices of both under-construction and ready-to-move-in properties.
