Moneylife » Real Estate: “We are going to define carpet area by changing the law”
Real Estate: “We are going to define carpet area by changing the law”
The Maharashtra government wants to create more transparency in the real-estate industry, explains Sitaram Kunte, secretary, housing department, to Pallabika Ganguly
Pallabika Ganguly (ML): Conveyance is a major issue for property owners. Not more than 5% of flat owners in Mumbai have got conveyance. What do you plan to do about it?
SK: We have come up with the concept of deemed conveyance and we are in the process of finalising the rules. After that, we are going to submit it for approval to the government and, as soon as they permit, the authority will be armed with the power to grant deemed...
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