Last year was full of events for the real estate sector. With Unitech entering in the 2G second spectrum allocation mess created discomfort for the industry. In 210 industry experienced slowdown in sales but in 2011 the sales ratio of the realty sector turned out to be worse than previous year. Due to high inflation, economy struggled hard to be stable. The non performance of government and so much confusion rolling over the industry, 2011 turned out to be a year of mishaps for the realty sector. In year 2011 customers ran out of patience. This led the realty sector to make promise or at least try for to fix the mess.
It is estimated by majority of experts that this is going to bring many new changes in the real estate sector. The significant change amongst will be setting up of real estate regulator. This draft of real estate regulation and development will be going to be the most awaited piece of regulation of recent times. This bill was scheduled to be presented in the assembly in this winter session but due to debate over Lokpal bill in Rajya sabha , the draft of regulation bill has been postponed.
It is estimated by majority of experts that this is going to bring many new changes in the real estate sector. The significant change amongst will be setting up of real estate regulator. This draft of real estate regulation and development will be going to be the most awaited piece of regulation of recent times. This bill was scheduled to be presented in the assembly in this winter session but due to debate over Lokpal bill in Rajya sabha , the draft of regulation bill has been postponed.
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