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Real Estate in India

Regulating Real Estate Sector in India. Can it be done?

by AnkanKd on Feb 9, 2012

When speaking of a competitive, emerging field such as the realFindgharestate sector, one would expect organization and a specific method of doing things. Real Estate in India is a multibillion dollar industry and it provides employment and sustenance to over a million people who are directly or indirectly associated with it. However, unlike a country like the USA, real estate in India is largely a freelance operation, partially regularized and involving a majority of unqualified and semi-professional individuals. The rapid boom that the real-estate sector witnessed in the early half of this decade caught the government and other regulatory bodies off guard and let in a plethora of unqualified individuals, non-professional practices and a largely localized operations to flood the market. Of course, professional realty companies co exist but their effect is neutralized by a sea of non-regulated operators.

Thus, after years spent observing the situation, the government...Read More >>



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