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Indian realty players demands a regulator

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Realty Builders and Developers are not reluctant to the plan of a regulator in the realty segment. CREDAI, President Kumar Gera said to www.propertykhazana.com that, “Developers need a regulator to put off the corrupt players from giving entry into the segment. CREDAI has made many appeals to the Govt. regarding the same and the realty development industry is disjointed and there is no pre-qualification, resultant into entry of fly by night workers in the segment. Formation of a regulatory body must not be ended up forming one more layer of controls and licensing which will lead to bribery.”
National Real Estate Development Council (NAREDCO) President Rohtas Goel said to the www.propertykhazana.com that, “The Government must first plan a regulatory act, discussing with the realty body and the regulatory act must be accepted by all the states by default. In the spirited era, developers while selling their venture assures many things to the purchasers and but in some times they may not be able to do so on time as of alters in the law or postpone in getting approval. In that condition, there are some cases when clients decline to pay for the reimbursement. If there is a regulator, real builders can look for redressal in that condition.” For more information and updates follow us at www.propertykhazana.com.
Source: NBTVLIVE

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