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From: Architexturez-IN <admin-in@xxxxxxxxxxxxxxxxx>
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Date: Wed, 14 Nov 2007 12:51:29 +0530
The Ministry of Urban Development’s proposal to establish a regulator
for the real estate industry in Delhi is a welcome one, but it seems to
raise more questions than it answers. The ministry should ordinarily
concern itself with the country as a whole, but that does not often seem
to be the case. Be it the sealing of unauthorised constructions or
apartment prices in the capital, the Centre ends up intervening too
often on a subject that is largely the domain of the states. But the
desire to ensure that real estate developers do not cheat buyers is to
be lauded. Given the alarming forecasts on growing urbanisation, and the
mushrooming of what we could call the ‘apartment culture’, the
government should formulate a law that takes into account urban needs
across the country.
The proposed regulator is expected to ensure that housing complexes have
adequate playgrounds, parking space and other infrastructure facilities.
That sounds good on paper, but apartment blocks are gated communities
with their own economics and organisation.
cont'd....
http://www.hindustantimes.com/StoryPage/StoryPage.aspx?id=9fe0c0f1-edc1-4932-b1b5-b75374357a8f&ParentID=1c49271f-cc35-4978-b952-1c170dadd6ac&&Headline=Get+real+with+realty