According to Hiranandani, in the last few years,
several important steps have been taken to promote affordable housing projects, but developers have to wait long for NOCs related to land and construction, due to which the project starts with delay and costs increase.
Niranjan Hiranandani, President NAREDCO said“Undoubtedly,
RERA is a big step forward for Indian real estate, but it will take some more time for all the states to comply with the norms and create the set-up for its impact, which will bring in consumers protection, transparency and fairness in the real estate sector.