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Realty at the Centre
The contour of the Real Estate Draft Bill has changed to make it a central legislation - a shift from it being a state matter earlier. Shriyal Sethumadhavan reports...
India continues to grow between 8-9 per cent and has the potential to become the second largest economy by 2039. According to last year's McKinsey Report, by 2030, the economy will have to build between 700 million to 900 million sq m of residential and commercial space every year. While the real estate industry in India is expected to boom, riding on and contributing to a growing economy, it seems to be caught in a web of issues and problems that need urgent addressing. What are the inadequacie...
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