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Projects marketed on social media without getting permissions from regulatory authorities, crores collected in advance
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Even with online building permissions systems and TS-RERA coming into effect, it takes up to a year to get approval for multi-storey buildings.
| Photo Credit:
Ramakrishna G.
Projects marketed on social media without getting permissions from regulatory authorities, crores collected in advance
Just when everything seemed to be going well for the real estate industry post the COVID-19 lockdown with construction workers returning, demand picking up and the government initiating online approval process, a new kind of scheme is causing jitters.