“Evident hindrances to realty sector and how to overcome them” is discussed by BAI’s National President
HN Vijay Raghava Reddy, National President of Builders
Association of India (BAI), told about how construction and real estate sector
was going through a lot in the absence of regulatory reforms; however, some
reforms like RERA has also serious failures at the implementation level as the
government of some states are taking advantage of flexibility given by the
central government. He also put forward some suggestions for promoters’
consideration that being small or big player doesn’t matter now. Being organized
and adhering to the rules, having proper project development plans and capital
procurement systems are the new surviving techniques in the realty sector.
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