Need of Regulatory body in Real Estate Sector - Indian Real Estate Forum

pnb_2k · 26-04-10

I personally feel that the way builders are sucking common people for real estate in India is going worse day by day. In pune itself i can see housing property rates doubled in last 2 years.

Like in Stocks sector SEBI is the regulatory body. In Insurance sector IRDA is the regulatory body. The same way there should be Regulatory body in Real Estate sector.

Builders are snaching your hard earned money in the name of house. They are asking exorbitent rates and making profit many fold.

Request you all, specially NRI and IT professional, not to pay exorbitent rates for housing property and wait for few time so that rates can be corrected.
Reply with your views on this so that finally we can post this to indian government.

needless101 · 27-04-10

Stocks and insurance are not the places for our great politicians to park their black money. Hence we have fancy bodies like SEBI, TRAI, IRDA. How can we expect people who have huge stakes in real estate to regulate it? It's a catch-22 situation

pnb_2k · 27-04-10

Quote:

Originally Posted by needless101

Stocks and insurance are not the places for our great politicians to park their black money. Hence we have fancy bodies like SEBI, TRAI, IRDA. How can we expect people who have huge stakes in real estate to regulate it? It's a catch-22 situation

Common man, we can put this forward to media and rest work will be done by them.

needless101 · 29-04-10

Quote:

Originally Posted by pnb_2k

Common man, we can put this forward to media and rest work will be done by them.

What media? TOI(let) or CNBC? They're a bunch of sellouts.

pnb_2k · 20-05-10

Quote:

Originally Posted by needless101

What media? TOI(let) or CNBC? They're a bunch of sellouts.

I feel if common man starts raising voice on this issue it will definitely be a national issue and media will also promote the same. Anyways....good ideas took time to get implemented

Atleast we can try for it...

pcpune · 20-05-10

I think media and letters to Congress and other forums would surely make our voice stand out.

Why dont we plan a street ANDOLAN, I am in, if 50K people start a small MARCH, it would sure catch the eyes of Media and Congress?

pnb_2k · 16-06-10

Quote:

Originally Posted by pcpune

I think media and letters to Congress and other forums would surely make our voice stand out.

Why dont we plan a street ANDOLAN, I am in, if 50K people start a small MARCH, it would sure catch the eyes of Media and Congress?

Union Govt is working on creating a Real Estate Regulatory Authority for states. See the link

http://economictimes.indiatimes.com/...ow/5899226.cms

May be it will take good amount of time since there would be lot of pressure on Govt from builders lobby and politician's lobby

pcpune · 16-06-10

They have been saying this for the past 7 years, but the poitician-builder nexus is not letting this happen. We really need to be vocal or come out on streets - make a andolan or something which will make this issue discussed and pushed...Maybe write a combined "letter" to PM or Sonia would help?

pnb_2k · 16-06-10

Quote:

Originally Posted by pcpune

They have been saying this for the past 7 years, but the poitician-builder nexus is not letting this happen. We really need to be vocal or come out on streets - make a andolan or something which will make this issue discussed and pushed...Maybe write a combined "letter" to PM or Sonia would help?

I have already written a mail to Prime Minister. Use following link
http://pmindia.nic.in/write.htm

All forum members are requested to post the grevience directly to PM/PMO

pcpune · 17-06-10

http://awaaz.in.com/showstory.php?id=109722

26-04-10	#1
pnb_2k Member Join Date: Mar 2010 Posts: 240 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts	Need of Regulatory body in Real Estate Sector I personally feel that the way builders are sucking common people for real estate in India is going worse day by day. In pune itself i can see housing property rates doubled in last 2 years. Like in Stocks sector SEBI is the regulatory body. In Insurance sector IRDA is the regulatory body. The same way there should be Regulatory body in Real Estate sector. Builders are snaching your hard earned money in the name of house. They are asking exorbitent rates and making profit many fold. Request you all, specially NRI and IT professional, not to pay exorbitent rates for housing property and wait for few time so that rates can be corrected. Reply with your views on this so that finally we can post this to indian government.

17-06-10	#10
pcpune Veteran Member Join Date: Nov 2009 Posts: 1,304 My Mood: Thanks: 0 Thanked 21 Times in 6 Posts	Hope this comes true !!!!!! http://awaaz.in.com/showstory.php?id=109722

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27-04-10	#2
needless101 Member Join Date: Apr 2009 Posts: 70 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts	Stocks and insurance are not the places for our great politicians to park their black money. Hence we have fancy bodies like SEBI, TRAI, IRDA. How can we expect people who have huge stakes in real estate to regulate it? It's a catch-22 situation

20-05-10	#6
pcpune Veteran Member Join Date: Nov 2009 Posts: 1,304 My Mood: Thanks: 0 Thanked 21 Times in 6 Posts	I think media and letters to Congress and other forums would surely make our voice stand out. Why dont we plan a street ANDOLAN, I am in, if 50K people start a small MARCH, it would sure catch the eyes of Media and Congress?

16-06-10	#8
pcpune Veteran Member Join Date: Nov 2009 Posts: 1,304 My Mood: Thanks: 0 Thanked 21 Times in 6 Posts	They have been saying this for the past 7 years, but the poitician-builder nexus is not letting this happen. We really need to be vocal or come out on streets - make a andolan or something which will make this issue discussed and pushed...Maybe write a combined "letter" to PM or Sonia would help?