CREDAI president Lalit Kumar Jain highlights Bihar's efficient real estate approvals, contrasting it with Maharashtra's slower system. He discusses challenges like approval delays and the 20% EWS reservation policy.
Bangalore’s real estate sector is set to grow by 25% in the coming year, according to CREDAI Karnataka. Commercial office space demand is rising, while residential sales are slow.
Budget 2012-13 proposes external commercial borrowing for affordable housing, a Credit Guarantee Trust Fund, and increased Rural Housing Fund provisions. Real estate players express disappointment, citing increased costs from the cement industry tax and service tax hike.
CCI accuses DLF of unfair conditions on Magnolia home buyers in Gurgaon, echoing previous cases.