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- Get Organized or Suffer!
Indian Real Estate is undoubtedly Booming but the real estate is unorganised.
The conclusion of the first international realty fair held in New Delhi which was attended by realtors of 15 nations is that Indian Real Estate is certainly booming but all the realtors felt that the real estate sector in india is highly unorganised. As there is no governing body over the Indian Real Estate so anyone can do any sort of scam and can get through with it easily. The transparency factor in the real estate sector of India is certainly going to play a role to attract investors in the future, if Indian Government take some stern steps.
For example, before putting advertisement in the newspaper in various countries there is a need of trade license, likewise India should also follow this policy. There should be a regulatory body at the central, state and even district levels to ensure that the real estate sector gets structured and the consumers are protected. Sometimes people put all their lives savings into a property. So government should make some stern laws so that peoples are not cheated. Government should make some sort of regulatory body over the Real Estate Sector of India.
The Indian Economy is booming with the IT industry booming. The main force behind the Real Estate Boom is the Indian IT industry. It is predicted by the experts that Indian Economy will further flourish with the IT industry being the key player in the development. So this will directly effect the Indian Realty Sector.
So in my opinion India should better be prepared for this era and establish a central body over all the Real Estate Industry.
"Better do it Now or Pay for it."CommentQuote0Flag