Latest Answer: @Shreya,
If acquisition of properties are bit compact for the developers, benefits are bound come to the buyers. Thus, it gives us a clear view that, if a developer is granted with a reduced cost for acquiring land, the price of the projects will automatically come down. And as a result the developer will keep the margin of the profit and pass on the benefits to the consumer.
Latest Answer: Well Tushar,
As each corridor passes through various existing industrial clusters, towns and cities, these are likely to become investment hubs.
Thus, once completed, the real estate growth at Indias hinterlands, connected via these corridors, will be exponential.
Q:The Real Estate (Regulation & Development) Bill, 2013, drafted by the last union government has submitted for few changes and is now in final stages of being presented for approval by the present government.
Latest Answer: But decision is yet to come.....and hoping for the best...
Now, housing projects on more than 500 sq-mt would have to register with the proposed real estate regulator as opposed to the threshold at 1000 sq-mt that was fixed earlier. Also, the interest rate payable by the promoter or allottee in case of any default by either would be the same now.