RICS or the Royal Institution of Chartered Surveyors will now have Indian leaders from the real estate world. The sole aim of these leaders is to standardize the the various realty practices. For example, regulating the development of kolkata housing or Mumbai housing or any other city.
This would bring our nation closer to the global leaders. The leaders however feel that there are several hurdles that the real estate industry faces. The legal system of our country is still on the rocks. There are so many disputes rising out of properties or other problems while purchasing flats. There is also a need for a more rapid urbanization to offer better infrastructure. If you wish to purchase flats, you will obviously want a better facility package. So the residential developers must meet the modern day demands.
Apart from the demand and supply statistics, RICS will also cater to supply adequate professionals to the real estate domain. They need to be technically strong and must add value to the segment. Sachin Sandhir, Managing Director, RICS India, says, "As the mark of property professionalism worldwide, RICS aims to develop professional knowledge and standards in India and protect public interest through best practice regulation. We are pleased to be represented by India's most established and respected professionals in this industry and are confident our new Boards and Committees will enable us realize this goal". This is a new big leap to drive the real estate world to the highest point very soon. So India now stands out from the rest and will wing accolades galore!