BUSINESS
RERA Act has improved India's real estate sector, but challenges persist
Residential real estate projects launched after the introduction of RERA are witnessing an average delay of 10-18 months, while the delay in projects launched prior to RERA, ranges from 20-48 months
BUSINESS
Budget 2021 expectations | More income tax incentives for housing purchase necessary to revive realty sector
The affordability of housing projects had been one of the major constraints for demand. Various states had provided time-bound relaxation in stamp duty on housing purchase, which was seen to have a positive impact on sales. The budget could consider further steps to improve affordability.
