Knight Frank's Pranay Vakil tells Forbes India why property prices continue to be so stubborn
According to Pranay Vakil, chairman of Knight Frank, the proposed hike in stamp duty will affect sentiment negatively since clients will have to bear the brunt of it.
Tight fund flows are forcing real estate companies to slow down construction in key projects with developers in Mumbai now struggling to maintain their construction schedules. However, this could end up hurting their cash flows even more, as CNBC-TV18's Priyanka Ghosh reports.
Trinamool Congress minister of state for urban affairs Saugata Roy, leading lawyer representing the Tatas, Mukul Rohatgi, chairman of the Amrapali Group, Anil Kumar Sharma and lawyer Pranay Vakil examine the Land Acquisition Act and look at what steps are needed to pave the way forward.