The housing ministry intends to introduce a real estate regulator to curb sector illegalities. The bill, aimed at safeguarding buyers, defines carpet area and mandates project registration.
CREDAI urges real estate developers to lower property prices to address high unsold inventory, amidst suggestions from Finance Minister P Chidambaram for economic revival.
HDFC reports a revival in residential real estate prices, reversing a prior decline, with significant hikes noted in active markets across India.
Expert suggests Govt. setup institutional framework for real estate regulator to promote transparency & affordable housing.