India's real estate industry hopeful for relief in Budget 2012, seeking industry status, tax revisions, and affordable housing incentives.
The state government will implement its affordable housing policy on April 15, requiring builders to reserve 20% of land for small-sized housing, despite some reservations.
Mysore Urban Development Authority offers farmers 18% of their land back after development, but doubts remain about the deal's appeal amidst soaring property prices and competing private developers.