In re: NCT Delhi's real estate sector

In spite of consolidatory trends in the economy & corporatisation, Delhi 's real estate sector remains fragmented & lacking in maturity.

The main reason for this is the legal framework restricting development.

This is something that long term residents, particularly more prosperous ones, support for both commercial & emotional reasons.

While this does put fetters on the city's growth, it's advantages include:

1. Relative social stability in the National Capital Territory itself, 

2. Accelerated growth in parts of the National Capital REGION &

3. Ensuring that MID level politicians and & officers dominate the ECONOMY of permissions and dispute resolution - unlike places like Mumbai where POWERFUL politicians & officers control most such things.