Real estate projects in New Delhi

Q: Why there is no proper rules for real esatate project approvals ? Due to the late approvals the price of the property also rises up with time. why goverment is not taking proper steps for this? or do we need to face this delay of approvals forever?

Pramela, Gurgaon

7th January 2013

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Hi Pramela, we have faced this problem since long time but somehow Goverment woke up. They are planning for a fast track approval of the projects and also the 40% hike consumers were facing will lessen down. You know there might be a chance also that we can negotiate with the builder about the price due to this. Letc how much relief we get. Are you a builder?