The Bill is aimed at protecting home buyers against erring developers, bring in investments and transparency in real estate sector
However, the stay does not apply to redevelopment, hospital and educational projects
The argument is that after paying 20% DDT, rate of return would not be lucrative compared to other investments
City is one of three in India where Ready-to-Move-in properties commanded a 3% premium over Under Construction
Both buyers and investors alike are getting out of property markets