Select property developers with good reputation in the market will benefit most from the recent Real Estate Bill as they already follow most of the norms laid out in the bill.
Analysts said Oberoi Realty, Godrej Properties and Prestige Estates are likely to benefit the most as they compete in the most unorganised market. The real estate bill will lead towards greater transparency, stringent regulations and timely completions, said analysts. It will also attract higher FDI, bringing in the much needed funds to the sector.
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