real estate builders association
The Builders Association of India is now expecting an amendment in the Arbitration Act. This one will make institutional arbitration mandatory for contracts which are state awarded. Around three years ago, the proposal had been initiated when the Law Minister was Veerappa Molly. Parmar, who happens to lead a 750 member association, told the Business [...] Continue Reading »
The builders of Mumbai and NCR have suddenly stopped bargaining on the cost of apartments in Mumbai. There are several incidents happening now a days where builders are withdrawing any discounts proposed earlier. The recent repo rate cut by the Reserve Bank of India has made real estate developers hopeful that sales would pick up [...] Continue Reading »
