Real estate: challenges
Real estate: challengesUpdated: May 07, 2008 18:58 IST
The realty sector awaits an industry status and a regulatory body to streamline its overall functioning bringing transparency into the system.
Due to an increase in construction activities, the sector faces an acute shortage of skilled labour and working professionals across all categories
Huge supply constraints especially in affordable housing and office and commercial spaces is leading to skyrocketing prices all over the country.
As per the experts, there is a complete lack of vision and planning on the part of Central and state governments as far as this sector is concerned.