Budget 2013-14: Realty Sector Demands Changes

6) Clarity in land titles:

The budget should also provide better clarity in land titles. There is less transparency in land ownership across the country and government needs to undertake certain measures to provide better clearance as the lack of clarity on land titles hindering the overall growth of the sector as well as lowering confidence for investors.

7) Manage finance in the sector:

While the real estate sector is not coming under the hood of any particular regulatory authority, the flow of liquidity has become an issue for the sector. The developers are also struggling with their projects due to lack of funds, resulting in project delays. The liberalization of finance is the most significant thing the sector is in need of. The budget 2013-14 should provide scope for external commercial borrowings for the sector and should lessen the financing norms.

Also Read: What's In Store for Indian Real Estate in 2013?