ramadhir
Tue, 25 Aug 2015 19:45:19 GMT
We need extremely stiff and painful penalties for developers delaying completion of project beyond stipulated date of possession. This is how they postpone development and ensure supply is curtailed. Also we need vacancy tax on unsold and sold vacant properties, and interest must not be allowed as deduction on vacant properties. Automatically we will see either properties coming in market or getting sold off. Supply and pricing issues will get resolved.
But first our land records should be made transparent . Exposure of bogus deals will discourage Black money hoarders to invest in this sector.