Despite rapid growth, the real estate sector faces several challenges that affect buyers, investors, and developers. One of the major challenges is high property prices, especially in urban areas, which makes housing unaffordable for many people.
Legal issues such as unclear land titles, delayed approvals, and complex documentation create problems for buyers and developers. Project delays due to funding shortages and regulatory hurdles reduce buyer confidence.
Economic factors like rising interest rates, inflation, and market slowdowns also impact demand. Lack of transparency and unethical practices further damage trust in the real estate market.
To overcome these challenges, the sector needs better regulation, transparency, timely project delivery, and adoption of modern technology.