Karnataka's government moves to regularize illegal buildings through the Akrama-Sakrama scheme, expanding the cutoff date for applications to end of 2013.
Surat’s real estate sector has witnessed a 100% growth in the past two years, driven by vertical development, business opportunities, and infrastructure projects.
Rajasthan's 2000 regulation allows unauthorized constructions by paying penalties, impacting urban planning and leading to misuse of land for commercial purposes in residential areas.
HDFC chief points out how environmental clearances result in substantial delays and cost overruns in housing projects, raising concerns among real estate developers about mounting expenses and inefficiencies.
Ahmedabad's real estate market is booming, with property prices doubling in two years, attracting investors like NRIs. Increased demand due to new companies and town planning has fueled this rapid growth.