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HDFC head advocates for new regulations on state level realty regulations

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A need for an immediate regulation on the state level realty is advocated by Deepak Parekh – Chairman of Housing Development Finance Corporation while on a short note with www.propertykhazana.com. He feels that the growing misunderstanding and few other examples of realty frauds and cheats can be reduced only after implementing adequate realty regulations in the country.
Commenting on the flying trend of budget housing at www.propertykhazana.com across many locations of the major and emerging cities he points that “image of the budget housing should be reviewed as for now it reveals a box type private space at some untouchable locality with no proper means of transportation and also with least provided facilities to the occupant. A budget house in real words should cut the cost of the processing rather than the facilities and other rights of a private space sold to the buyer with budget housing hall mark”.
Further coming to the various challenges at the rural housing Parekh says that “most significant reform on this platform should be made with the permission of making agricultural land for the mortgage purpose to bring up the housing explanation with better clarification. Parekh on other hand also portrays the case of profit making housing boards in the cover of budget housing at most of the cities across the country and should be immediately auctioned by concerned authorities. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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