"Men count you in this World by how much you own and not by what you really are"
Introduction:
Even though 50 years have passed since independence has been obtained, the housing shortage is growing in proportions as time passes by. The property industry in India is maturing in terms of market dynamics in the post 1994 scenario when the country witnessed the major turbulence. Like other sectors in the economy, this industry is also plagued by political interferences and absence of proper regulatory mechanisms so as to protect the common interest of the investor. However considering the importance of this sector and the growing affluence of the middle and higher income groups, this sector has demanded the attention of the finance ministers in the last four years. Even the latest budget for the fiscal 2001-2002 has given lot of sops to the investors in this sector. In line with our earlier commitment we propose to cover the benefits to the common man arising out of the latest budget on
