On the similar lines of NHAI (National Highway Authority Of India), NaMo led BJP must introduce Real Estate Authority of India (REAI) into proper existence which will deal with all sorts of land acquisition bills from farmers as well as dealers’ standpoint across the whole country. It will have a clear cut cost evaluation process in place subjected to overall living/residual costs and dealers/builders/various real estate companies can sell out all commercial as well as non-commercial deals to India/Foreign/commercial buyers after REAI approval. It will also check the influx of enormous black money being pumped into real estate sector from various ill methods and on the other hand, REAI will ensure no extra hard earned money of salaried professionals will go into their pockets. Simply cost of 2/3/4/5 BHKs or a residential/non-residential land can’t be skyrocketing in very short span of time!!! more
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I like it and want to add that the trial of disputes raises between, should be entertain by this REAI. Jatish Sharma Manager HR more
Jun 04