Real estate becoming unviable due to high construction cost: Tata Realty MD

He mentioned that it takes another 2-3 years in designing the project and getting all regulatory approvals to start construction and marketing activities

The development of real estate projects in India is becoming unviable due to high cost of land, capital and construction, along with other economic uncertainties, said Sanjay Dutt, MD & CEO of Tata Realty and Infrastructure Ltd.