UP-RERA is working alongside the state government to address the deadlock in flat registrations, impacting over 50,000 home buyers in Noida and Greater Noida.
Project delays plague NCR's residential market, causing a 31% drop in new launches and leaving 140,000 unsold units, impacting homebuyers and developers.
Union Budget 2012 expected to provide policy reforms for the real estate sector, with calls for industry status and affordable housing measures.
Fund-starved realtors may receive relief as banks consider lending on a case-by-case basis, especially for those with genuine liquidity issues. This follows PM Manmohan Singh's assurance and RBI's recent moves to provide liquidity.
The Indian real estate sector has seen a significant slowdown, with sales dropping 30%-40% as inflation and liquidity issues strain the market.
Shares of Indiabulls Real Estate and Indiabulls Financial Services surged following assurances of no non-performing loans and positive market sentiment due to central bank actions.