Both directors have been held on complaints of 34 homebuyers who have not got possession of homes they booked in the projects of Nirmal Lifestyle.
Age old demands like infrastructure status, easier credit and fewer regulations still top the wish-list of developer‘s. However, MCHI-CREDAI hope that Arun Jaitley will be generous this year.
Even as realty prices in Mumbai show no signs of softening, developers are blaming lack of regulatory approvals for further worsening an already skewed demand-supply situation in the city. On their part, builders say they do not expect prices to come down anytime soon.