With RERA kicking in , we are in for interesting times in housing market.
These regulations though attempting to discipline builders and bring transparency are adding to costs as builders will increase costs to cover their risks.
Small players with no staying power and dependent on cash from purchaser are in danger of getting squeezed out of the market.
Home buyers are only sitting pretty and doing nothing much.
Cash for investing in real estate has dried up .
Those getting bank loans are waiting for reduction in loan interest and further fall is real estate prices.
Even rentals are facing issues.
Black money hunts do not give positive signals to a growing economy.
We are slowly grinding to a halt with regulations and controls piling up and drowning productive sectors of economy.
These regulations though attempting to discipline builders and bring transparency are adding to costs as builders will increase costs to cover their risks.
Small players with no staying power and dependent on cash from purchaser are in danger of getting squeezed out of the market.
Home buyers are only sitting pretty and doing nothing much.
Cash for investing in real estate has dried up .
Those getting bank loans are waiting for reduction in loan interest and further fall is real estate prices.
Even rentals are facing issues.
Black money hunts do not give positive signals to a growing economy.
We are slowly grinding to a halt with regulations and controls piling up and drowning productive sectors of economy.