Those living in apartments without completion certificates are doing so illegally. Safety is a major issue. We want to check that. Also, from now on, we will clear safety standards of building plans only if it is cleared by an IIT. We will not accept plan clearances by any other institute," Agarwal added.
The realtors body argued the circle rates in these areas are much more than the prevailing market rates and any increase at this stage may collapse the real estate market as the flats would become unaffordable to the buyers.
The first half of 2016 has witnessed the lowest number of new residential launches in the last three years across the top eight cities, as developers became cautious because of the huge unsold inventory that has been piling up since 2013. New launches have declined by 9% in the last six months to less than 107,120 units, showed a Knight Frank India report.
Zee Media Bureau New Delhi: The National Capital Region(NCR) is going to have its second international airport in Jewar, Uttar Pradesh in three years time.
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