Mumbai: The government of India has recently passed the housing regulatory bill to bring transparency in the functioning of Indian real estate. Jones Lang LaSalle (JLL), real estate consultancy firm has said that the transparency of bill invites many challenges in the real estate sector.According to the bill, developers and builders need to provide greater disclosure and higher levels of project accountability. Karan Khetan, JLL senior analyst said that developers and builders have to be more transparent than before to remove the information asymmetries of the market.The main aim of the regulator bill is to create a housing real estate regulator and assign an authority that will keep an eye on the real estate for better transparency in real estate.Despite the approval of the bill, the Government has not worked out on the project approval process which is significantly slowing down the project launches. The delay in project approvals is resulting in the cost burden for the developers.JLL also said that if the case of dispute between central and state policies clarity on the law which will have precedence is not mentioned in the bill. Idea of bringing greater transparency in the real estate has been affecting the productivity of the real estate projects, making housing projects more expensive.JLL also stated that the extent of effectiveness and state level implementation can be the possible obstacles in real estate growth.займ на карту без отказов круглосуточновзять кредит онлайн