Skills deficit in Indian real estate
It is also imperative to build consumer and investor confidence, through the creation of a healthy, transparent, efficient and competitive real estate sector. To this end, there is a need to establish an effective regulatory mechanism which can address and curb malpractices and safeguard consumer interests in the country.
Therefore, it is widely felt that awareness and introduction of internationally recognised and locally relevant best practices can contribute towards uniform practices and lend quality assurance and credibility to the sector.
—The author is MD RICS- South Asia
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